1922 Lake Shore Avenue
1922 Lake Shore Avenue
$1,495,000
4
4
2,302
2,302
$649
Description
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...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. One unit will be delivered vacant allowing new ownership to immediately renovate and rent the unit out for a market rental rate. There is 24% 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.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1922 Lake Shore Avenue
Zoning
LAR1
Parcel Number5420010015
Total Units3.0
Living Area2302
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate1
Lot Size Area9999
Location
LISTING UPDATED: 04/12/2024 12:01 AM
Property Details for 1922 Lake Shore Avenue
Status | Active |
---|---|
MLS # | 24-376363 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1903 |
Lot Size | 0.23 AC / 9,999 SF |
County | Los Angeles County |
Location
Building Information for 1922 Lake Shore Avenue
Stories2Residences-Year Built1903Building Size-Lot Size0.23 AC / 9,999 SF
Payment Calculator
$8,653 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1922 Lake Shore Avenue
Property History for 1922 Lake Shore Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1922 Lake Shore Avenue
Taxable ValueLand$295,780Additions$164,586Total$460,366
Tax Record2023$5,931 ($494 / month)
Home Facts
Total Finished SqFt2,302 SqFtAbove Grade Finished SqFt2,302 SqFtLot Size9,999 SqFtStyleTriplexYear Built1903ZoningLAR1CountyLOS ANGELESAPN5420-010-015
Schools near 1922 Lake Shore Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Clifford Street Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Gabriella Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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