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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.
This beautiful eight unit apartment building located at 606 Parkman Avenue was built in 1968. This classic Hollywood style complex is located in one of the most desirable neighborhoods in Los Angeles, surrounded by a wide array of restaurants and shops, and walking distance to a number of Los Angeles historical destinations. The building boasts an extremely desirable unit mix of four one-bedroom/one-bath units and four two-bedroom/one-bath units.
We are pleased to offer for sale, a bulk offering of seven duplexes, totaling 14 units. Located at 212, 232-252 Columbia Place, the property is located less than 1.5 miles from DTLA in a rapidly gentrifying submarket. The buildings are two-story construction, consisting of 14 large one-bedroom/one-bathroom units. Well located in a dense neighborhood, the property offers the opportunity to increase rents and substantially raise revenue. The property gives tenants easy access to the entertainment venues and employment centers of Downtown Los Angeles. Due to its 1921 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire a value-add asset in an in-fill location near the sought after submarkets of Echo Park and Downtown Los Angeles. Other Addresses Include: 232,236,240,242,244,246,248 and 252 Columbia Place. Parcels: 5153-016-046, 5153-016-032, 5153-016-031, 5153-016-030, 5153-016-029, 5153-016-028 and 5153-016-027
This is an R4 lot, can be sold with the two adjacent properties. Investors, check your numbers. Excellent opportunity to build maximum number of units with view of downtown skylines. The seller is very motivated and all offers will be reviewed. Property had been in the market and in escrow. Partner issues prevented sell. Now the light is green to move forward. Great location near downtown L.A. Close to everything. Please call for more information. Gated, new copper, new roof, laundry on premises, always occupied. Inspection with accepted offer. Please do not enter the property. the 14th unit is also a 2+1 and rents for $1,250.00
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. Potential to also build small lot homes (buyer to verify). 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
1732 - 1734 North Silver Lake Boulevard is a one-of-a-kind mid-century/multi-use property designed by case study architect Kemper Nomland Jr. and built by contractor Bill Jadiker. In the heart of Silver Lake Village, this unique property is comprised of 2 buildings sited on a large street to street lot. The front building consists of 3 loft units, 1 bedroom each with hardwood floors, fully applianced kitchens, balcony space, and soaring 20 foot ceilings. There is a separate bonus lower level space with Silver Lake Boulevard street frontage, offer studio, commercial or office potential. To the rear of the apartment building stands a large, separate two-level 3-bedroom 3-bath house with large office/studio, and private patio, that showcases Nomland's modernist design.
Unbelievable opportunity for your investors....a fabulous 4 unit Spanish style apt bldg. with 2-2 bdrm, 2 ba units and 2-1 bedrm, 1 bath units with new kitchens/baths, private yards, space for veggie gardens for each unit,4-1 car garages in the back. Huge street to alley lot and some driveway parking. Laundry room for tenants w/possible storage space. Central air/heat. Cash flow for the savvy investor. Or live in one and collect the rent from the other 3 rentals to help pay the mortgage. You can meander to sunset junction, La Mill, Mush or other trendy restaurants and shops, or cruise or bike the lake.
We are pleased to announce the listing of this beautiful 5-unit apartment community in the heart of Echo Park's residential pocket, far north of Sunset Blvd and basically diagonal of Fix Coffee. This property is a huge opportunity for an investor to pick-up an extremely desirable, profitable and perfectly located apartment investment. Echo Park is the neighborhood you need to buy in and if you're an experienced investor, then you know it doesn't get better than this... If you're new to investing, then get ready to fall in love and buy this property. All rents are actual and current, property is rent control and no units will be delivered vacant. Only serious inquiries please. No showings until offer is accepted. Send an email for the full marketing package. Thank you.
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