1922 Lake Shore Avenue, Los Angeles, CA 90039
- $1,495,000
- $649
- $1,495,000
- $649
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.
Address
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Address: 1922 Lake Shore Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90039
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Area: C21 - Silver Lake - Echo Park
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Country: United States
Details
Updated on September 24, 2024 at 6:30 am-
Property ID SGR-33977520
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Price $1,495,000
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Property Size 2302.00 m²
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Land Area 9999.00 m²
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Bedrooms 4
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Bathrooms 4
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Year Built 1903
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Property Type Residential Income
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Property Status For Sale
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Living Area 2302.00
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MLS# 24440771
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Office Name MARCUS & MILLICHAP
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Agent Name Sean Rosenzweig
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01406343
Additional details
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County Los Angeles
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Parking 3.00
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