1922 Lake Shore Avenue
Los Angeles, CA 90039
2302 sqft | 4 beds | 0.23 acres | #24440771
Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a three-unit apartment community located at 1922-1924.5 Lake Shore Avenue. The subject property is located east of the Glendale Freeway and north of Sunset Boulevard. The property is located in Elysian Heights, which is typically characterized as being part of Echo Park & near Silver Lake. This submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With rent growth and developments in the area, the location has been catering to families, young professionals and artists alike in recent years. The property is situated on a large 9,999 square foot parcel and is comprised of two one-bedroom units and one two-bedroom unit. There is 27% remaining rental upside that new ownership can capture through interior renovations. Taking into consideration the desirable location and remaining value-add components, 1922-1924.5 Lake Shore Avenue is well suited to provide investors with healthy returns and long-term appreciation potential.
Interior Details
- Bedrooms4
Property Details
- Stories2
Measurements
- Acres0.2295
- Square Feet2302
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1903
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,495,000
Other
- MLS #24440771
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Sean Rosenzweig (#CLW-C107850)
Listing Office: Marcus & Millichap (#CLW-X7515101)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
