$1,050,000
1242 Lilac Place, Los Angeles 90026
2
Beds
7
Baths
4,604
Square feet
5,548
Lot Size
7
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapWe are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods for renters in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 5,548 square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential. The property's desirable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1242 Lilac an excellent acquisition opportunity for investors.
Facts & Features
MLS® # | 24388985 |
---|---|
Price | $1,050,000 |
Bedrooms | 2 |
Bathrooms | 7.00 |
Square Footage | 4,604 |
Lot Size | 5,548 |
Year Built | 1921 |
Type | Residential Income |
Status | Active |
# Of Units | 7 |
Community Information
Address | 1242 Lilac Place |
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Area | C21 - Silver Lake - Echo Park |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90026 |
Amenities
Parking Spaces | 2 |
---|---|
Parking | Garage |
Garages | Garage |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two, Multi/Split |
Additional Information
Date Listed | May 7th, 2024 |
---|---|
Days on Market | 12 |
Zoning | LAR4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Rosenzweig |
---|---|
Office | Marcus & Millichap |