1922 Lake Shore Avenue Los Angeles, CA 90039

Cluster Residence

4 Beds

4 Baths

2,302 Sq. Ft.

0.23 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 9/28/2024 2:25 AM

Listing Details

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 lo...cated 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. Continue reading

MLS#

24440771

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1903

Square Feet

2,302 sq. ft

Lot Size