120 N Westlake AVE LOS ANGELES CA MLS #SR23094159MR

120 N Westlake AVE
LOS ANGELES, CA,
$1,400,000
Beds
0 Baths
SqFt
0 Acres
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Shovel Ready. Investor’s dream! 120-122 N Westlake Ave. 4 Units RTI Issued and Ready plus ADU (plans/RTI) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it’s an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,4M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.2M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and Plans will be sent upon request.

Property Details

Price:
$1,400,000
MLS #:
SR23094159MR
Status:
Sold ((Oct 31, 2023))
Baths:
0
Address:
120 N Westlake AVE
Type:
Land
Neighborhood:
Silver Lake – Echo Park
City:
LOS ANGELES
Listed Date:
May 30, 2023
State:
CA
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120 N Westlake AVE
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