1922 Lake Shore Ave, Los Angeles, CA 90039 – 24-440771

Los Angeles, CA 90039,1922 Lake Shore Ave

REQUEST A TOUR

In-PersonVirtual Tour

Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 1,395,000

Est. payment | -/mo

4 Beds

4 Baths

2,302 SqFt

Save

$ 1,395,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,302 SqFt

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 $605

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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA