1607 Lake Shore Avenue, Los Angeles, CA 90026 (MLS # 22198759)

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PRICE $2,550,000 dsIDX morgage calculator
BEDS 13
BATHS 7
HOME SIZE 4,478 sqft
LOT SIZE 11,901 sqft

We are pleased to present a six (6) unit apartment building located at 1607 Lake Shore Avenue in Los Angeles, California. Situated in a prime Echo Park location, this is one (1) of a three (3) property portfolio which may be sold together or separately. Built in 1931, this property contains an incredible unit mix of two (2) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, and one (1) five bedroom / two bathroom unit. This well-maintained, craftsman style building offers tons of character with no soft-story retrofit required. Each unit has its own private, detached bungalow style building featuring in-unit washer/dryers, individual water heaters, & fully separate meters for all utilities. The property recently passed LA Housing SCEP Inspections. The large 11,900 square foot lot boasts plenty of yard space, decks, patios, one (1) storage space with potential to convert into an ADU unit, fresh landscaping, and much more. Three (3) units lay along Lake Shore Avenue, the other three (3) lay along Lobdell Place, offering separate addresses for each. Tenants will love living in a quiet residential pocket adjacent to the trendiest retail, restaurant, and entertainment amenities available in Los Angeles. Offered as part of a three (3) property Echo Park portfolio, 1607 Lake Shore Avenue offers an investor very high initial cash flow on a double lot with remaining upside potential.

DAYS ON MARKET 32 LAST UPDATED 9/12/2022
YEAR BUILT 1931 COMMUNITY Silver Lake - Echo Park
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Built-In, Dryer, Refrigerator, Washer
AREA Silver Lake - Echo Park
GARAGE None
HEAT Wall Furnace
LOT 0.27 acre(s)
LOT DESCRIPTION Back Yard, Front Yard, Lawn, Secluded
PARKING None
POOL DESCRIPTION None
STORIES 2
STYLE Cottage
ZONING LARD3
MORTGAGE CALCULATOR
   

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Listing provided by : Jason Tuvia CalDRE: 01772495 | 818-212-2735, Marcus & Millichap

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/3/22 7:44 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2022.

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