Active

1922 Lake Shore Ave

Los Angeles CA, 90039

$1,395,000


$605.99 per sqft

Active

4 Beds

4 Baths

2,302 sqft

Multi-family

Built in 1903

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.

24-440771

MLS ID

September 17, 2024

Listed

November 22, 2024

Updated

Map

1922 Lake Shore Ave
Los Angeles CA, 90039

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.23 Acres

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

56


Garage

No


Parking

None


Parking Total

3


View

No


County

Los Angeles


Pool

No


Zoning

LAR1

Listing History

Date

Event

Price

11/12/2024

Price change

$1,395,000

-7%

Listed by Sean Rosenzweig with Marcus & Millichap
Listing Contact: 310-513-3144 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor John Guentner | CA DRE# 01919579 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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