Multifamily
1922-1924.5 Lake Shore Avenue
1922 Lake Shore Ave, Los Angeles, CA 90039
Listing Price: $1,495,000
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
Marcus & Millichap, as the exclusive listing agent, is 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.
1922-1924.5 Lake Shore Avenue
Investment Highlights
- Situated on a 9,999 Square Foot Lot, the Subject Property is Aligned with the Evolving Needs of Today's Renters – Low Density, with Large Outdoor Space
- Current Ownership has Attentively Maintained the Property
- Located in a Desirable Pocket of Elysian Heights, Part of Echo Park and Near Silver Lake. Residents Enjoy Convenient Access to Employments Centers, Retail, and Entertainment in Silver Lake, Echo Park,
- Family Owned and Operated for the Last 13 Years
- On-Site Parking with No Seismic Retrofit Requirements
- There is 27 Percent Remaining Rental Upside Through Interior Renovations
Exclusively Listed By
Financing By
Listing Price: $1,495,000
Investment Highlights
- Situated on a 9,999 Square Foot Lot, the Subject Property is Aligned with the Evolving Needs of Today's Renters – Low Density, with Large Outdoor Space
- Current Ownership has Attentively Maintained the Property
- Located in a Desirable Pocket of Elysian Heights, Part of Echo Park and Near Silver Lake. Residents Enjoy Convenient Access to Employments Centers, Retail, and Entertainment in Silver Lake, Echo Park,
- Family Owned and Operated for the Last 13 Years
- On-Site Parking with No Seismic Retrofit Requirements
- There is 27 Percent Remaining Rental Upside Through Interior Renovations
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. Marcus & Millichap, as the exclusive listing agent, is 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.
Exclusively Listed By
Financing By
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