$1,495,000
1922 Lake Shore Avenue, Los Angeles 90039
4
Beds
4
Baths
2,302
Square feet
9,999
Lot Size
3
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapWe 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. One unit will be delivered vacant allowing new ownership to immediately renovate and rent the unit out for a market rental rate. There is 24% 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.
Facts & Features
MLS® # | 24376363 |
---|---|
Price | $1,495,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Square Footage | 2,302 |
Lot Size | 9,999 |
Year Built | 1903 |
Type | Residential Income |
Status | Active |
# Of Units | 3 |
Community Information
Address | 1922 Lake Shore Avenue |
---|---|
Area | C21 - Silver Lake - Echo Park |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90039 |
Amenities
Parking Spaces | 3 |
---|---|
Parking | None |
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two, Multi/Split |
Additional Information
Date Listed | April 4th, 2024 |
---|---|
Days on Market | 28 |
Zoning | LAR1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Rosenzweig |
---|---|
Office | Marcus & Millichap |