1922 Lake Shore Avenue, Los Angeles, CA 90039
-
Listed Price :
$1,495,000
-
Beds :
4
-
Baths :
4
-
Property Size :
2,302 sqft
-
Year Built :
1903
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.
Interior Features
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
1922 Lake Shore Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90039 |
| County |
Los Angeles |
| Listing Agent |
Sean Rosenzweig DRE #01406343 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,495,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,302 |
| Lot Size |
9,999 |
| Year Built |
1903 |
Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
