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3 Parcel Assemblege of R3 Land Totaling +/- 22,499 SF with 150 Feet of Street Frontage / Includes 637, 643 and 647 North Maltman Avenue / Unparalleled Opportunity To Acquire a Mid-Sized Silver Lake In-Fill Development Site / Approximately 22,499 SF of Land on 3 Parcels Zoned R3-1VL / Build Approx. 37 Luxury Apartments, Condominiums or Potential Small Lot Subdivision Project (includes bonus density) / Proximity to Area's Many Entertainment Venues and Major Employment Centers / Over $32 Billion in Hollywood and Downtown LA Developmen Projects / Parcel #'s Include 5401-004-021, 5401-004-022 and 5401-004-023 / Current Income from Existing 18 Units of Approx. $282,984
Subject property has 3 lots total 21 rental units. 222 N. Lake St. APN 5157020044, has 14 units apartment, around 9184 SF building and 10953 SF lot. 226-228 N. Lake St. APN 5157020023, has 3 bungalow houses, around 1584 SF building and 5476 SF lot. 230 N. Lake St. APN 5157020021, has 4 units apartment, around 3268 SF building and 5477 SF lot. Detail rent roll attached. Property being zoned R-4 of Los Angeles City offers an excellent redevelopment opportunity. Three contiguous parcels have a frontage of 160 ft and depth of 136.90 ft, with 21,904 square feet of land. It could be built up to 54 units condominium or up to 73 units apartment with City bonus (Buyer?s responsibility to verify the redevelopment possibility with City). It is in a developed urban area located approximately 1 mile northwest of Downtown Los Angeles. All relevant community services are available in the immediate area surrounding the property. Minutes away from Staple Center, L.A. Live, Nokia Center, Los Angeles Civic Center, LA Convention Center, Dodger Stadium, and a couple medical/hospital centers. It is centrally located in a high density urban area. The neighborhood population is growing with strong on going residential demand. It could be a very profitable development project.
Subject property being zoned R-4 of Los Angeles City offers an excellent redevelopment opportunity. Total three contiguous parcels have a frontage of 160 ft and depth of 136.90 ft, with 21,904 square feet of land. It could be built up to 54 units condominium or up to 73 units apartment with City bonus (it is buyer?s responsibility to verify the redevelopment possibility with LA City). Presently there are 3 lots with structures. 222 N. Lake St. APN 5157020044, has 14 units apartment, around 9184 SF building and 10953 SF lot. 226-228 N. Lake St. APN 5157020023, has 3 bungalow houses, around 1584 SF building and 5476 SF lot. 230 N. Lake St. APN 5157020021, has 4 units apartment, around 3268 SF building and 5477 SF lot. It is in a developed urban area located approximately 1 mile northwest of Downtown Los Angeles. All relevant community services are available in the immediate area surrounding the property. Minutes away from Staple Center, L.A. Live, Nokia Center, Los Angeles Civic Center, LA Convention Center, Dodger Stadium, and a couple medical/hospital centers. It is centrally located in a high density urban area. The neighborhood population is growing with strong on going residential demand. It could be a very profitable development project.
We are proud to announce the exclusive listing for sale of this is a thoughtfully upgraded and meticulously well-maintained trophy property located in the heart of one of the hippest neighborhoods of the country, Echo Park. An experienced real estate investor knows it's a very rare opportunity to acquire a high caliber building such as this one. You may have even missed out on one of these types of properties in the past. Well, here is an opportunity of a lifetime for you and your family to purchase an amazing trophy property in prime Echo Park. If you miss this chance, then you will regret it. There are a total of 16 units and all are 1-bedroom / 1-bathroom, and most of them have undergone extensive remodels. The tenants pay for their electricity and gas, while the owner pays for water, sewage and trash. are upgraded systems throughout, including plumbing and electrical, and an expansive but under-utilized rooftop with views of Echo Park's rolling hills and Downtown LA's skyline.
Character Spanish 2 building complex in Echo Park! 2 seperate APN'S.This 24 unit apartment complex consists of 24 large studio apartments.The average rent is only $775 in an area that fetches $975!The units are large and separately metered for both gas and electricity.Both buildings have new roofs, new paint inside and out, new flooring and lighting throughout and it has a private gated and landscaped courtyar This building is the best priced deal in the area as many sellers are looking of 13 and 14 x gross- this is priced at 11.9 x gross with a 30% rental upside!Most tenants are due for a 3% rental increase in 2 months!The property is professionally managed and has a wonderful on site manager.
A true gem in the eclectic enclave of Echo Park, 1536 Lemoyne offers modern amenities yet maintains the charm of its 1920s vintage construction. This 8 unit property offers refinished floors, upgraded electrical, and upgraded copper plumbing, among countless other upgrades in several of the units. Located in the foothills, the building is only steps away from the booming scene of Echo Park, yet preserves its tranquility from the everyday hustle and bustle. A pride of ownership for any astute investor.
The Coronado Real Estate Group of KW Commercial is pleased to present for sale a unique opportunity to develop a 21,019 square foot R4 (CW)-75/3-0 zoned lot. Located less than one mile northwest of downtown Los Angeles in the Temple-Beaudry neighborhood of Echo Park, 1272-1276 West Court Street consists of three contiguous parcels that are being sold together. The existing zoning presents a possible 52-70 unit multifamily development opportunity. The total lot is 150' wide x 140' deep and has rear alley access. Each parcel has one existing tenant-occupied structure. 1272 West Court Street is a 1,250 SF, 2 bedroom + 1 bathroom single family home. 1274 West Court Street is a 1,036 SF 5 bedroom + 1 bathroom single family home. 1276 West Court Street is a 1,806 square foot duplex. The current annual income is $42,600. All properties are currently occupied but could potentially be delivered vacant. The homes are not subject to LA Rent Control laws, but the duplex is.
Mediterranean masterpiece!! complete renovation, new addition of one unit and over 1000 sq ft of breathtaking view decks was completed late 2006. Unit A sits on an entire floor, Aprox 2000 sq ft with huge 500 sq ft private deck and awesome view, would make an amazing owners unit. Unit D was built in 2006, ground level, 1000 sq ft plus large private fenced yard, both comes with all stainless steel appliances. Units B & C on top level also have 500 sq ft deck with awesome views, pergo flrs and all appliances , copper plumbing, updated electricity, new windows, MUST SEE TO APPRECIATE. In a hip north of sunset echo park hills location. rent upside potential.
Pride of ownership! Property consists of a large 4 bedr home, with a duplex on each side of it! One duplex has two 1 bed apartments oozing with charm & period details, original hardwood flooring, built-ins, vintage O'Keefe & Merritt cast iron element stoves, vintage hardware & Batchelder type tile work, the other duplex has 2 singles w/ amazing views, vintage stoves & hardware, light & bright, and 3 garages underneath. This looks like 3 separate properties but it is all on one APN. Well maintained, prime Sunset Junction area, plenty of off-street parking for all the tenants, intimate out door areas for each unit, VIEWS! Vacancies are snapped up quickly by the infiltrating hipsters. Walk to Intelligentsia, Cafe Stella, Malo Cantina, Black Cat, Millies, Coffee Shop, Forage, Clare Viver, Gogosha Optique & all the cool stuff at Sunset Junction in the heart of Silverlake. Please read private remarks regarding financing before contacting agent.
Executive lining high in the hills of Silver Lake.Although sited in the midst of a residential neighborhood, this elegant income property offers sublime privacy. Beautifully appointed with a decorator's color pallet and high end finishes. Each home is 1800 sq feet delivering a dramatic lake, canyon,city & mountain range view as it's back drop. Spacious Living Rooms punctuated with lovely Fireplaces. Elegant Eat-in Kitchens for cozy dinners or dine al fresco on the veranda. The Master Suites are romantic complete w/fireplaces, rounded walls and a bank of windows for star gazing or step out on it's Juliette veranda and enjoy the twinkling City lights. The bathrooms are works of art too with their warm tiles, stone walls and top of the line fixtures.Additional spaces include a large Recreation Room, beautiful lushly private Deck and an open patio among a blooming garden.The beauty in this home is elegance, prestige and above all, the ability to live in one while your tenant pays the Mort
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