$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 #24440771
Price change
$1,395,000
-6.69%
09/17/2024
CLAW #24440771
Listed
$1,495,000
07/17/2024
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
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