tomo logo

$1,395,000

Beds
4
sq ft
2,302

1922 Lake Shore Ave, Los Angeles, CA 90039

1922 Lake Shore Ave

Los Angeles, CA 90039

  • 64 days on market
    • Price drop $100,000↓
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.

Details

Property type

Lot size

9,999 sq ft

Price per sq ft

$606

Year built

1903

HOA

No

Price History

11/12/2024
CLAW

CLAW #24440771

Price change
$1,395,000
-6.69%
09/17/2024
CLAW

CLAW #24440771

Listed
$1,495,000
07/17/2024
CLAW

CLAW #24376363

Removed
$1,495,000

Schools & Community

Neighborhood: 

Echo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/20/2024 at 10:35 AM

Listing updated: 11/12/2024 at 1:00 PM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24440771

CLAW logo

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