Properties

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Lake Shore
1922
Avenue
East of Alvarado Street & South of Baxter Street
C21 - Silver Lake - Echo Park
LAR1
Listing Broker
Marcus & Millichap
Sean Rosenzweig
Sean
Rosenzweig
Additional Information
Two,Multi/Split
3
2024-04-04
2
2
8
3.0
5420010015
650
Listing Information
CLW-C107850
CLW-X7515101
2024-04-12T12:19:40Z
Standard
2024-04-04T00:00:00Z
CRMLS
Property Description

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. 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.

1922 Lake Shore Avenue, Los Angeles, CA 90039

  • Bedrooms : 4
  • Bathrooms (Full) : 4
  • Square Footage: 2,302 Sqft
  • Visits : 32 in 45 days
$1,495,000
Listing ID#24376363
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Property Details
Year Built : 1903
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24376363
Price : $1,495,000
Bedrooms : 4
Bathrooms (Full) : 4
Square Footage : 2,302 Sqft
Lot Area : 9,999 Sqft
Country : US
State : CA
County : Los Angeles
City : Los Angeles
Zip Code : 90039
Parking : None
Status : Active
Building Size : 2302
Mls Status : Active
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