CA > Los Angeles
Los Angeles, CA 90039,1922 Lake Shore Ave
Los Angeles, CA 90039,1922 Lake Shore Ave
Los Angeles, CA 90039,1922 Lake Shore Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,495,000
Est. payment /mo
4 Beds
4 Baths
2,302 SqFt
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UPDATED:

09/25/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,302 sqft

Price per Sqft $649

MLS Listing ID 24-440771

Bedrooms 4

Year Built 1903

Lot Size 9,999 Sqft

Acres 0.2296

Property 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.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR1

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage None

Garage Spaces 3.0

Building

Story 2

Level or Stories Multi/Split, Two

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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