Under the same family ownership for more than 50 years, this asset presents an investor with a prime opportunity to reposition and add value, as current rents are approximately 83% below local market rates. Located within two blocks of Sunset Boulevard, near the intersection of Silver Lake Boulevard and Sunset Boulevard, the property grants tenants access to some of the trendiest restaurants, boutiques, and coffee shops within both Silver Lake and Echo Park. Sunset Junction is only 1.5 miles from the building, while the dense employment center in Downtown Los Angeles is merely 2 miles southeast. A new small format Target recently opened less than a half-mile from the building. Tenants enjoy convenient access to the Greater Los Angeles metro via the 101 Freeway, within onramps just blocks from the property.
DAYS ON MARKET
|
79
|
LAST UPDATED
|
10/6/2024
|
YEAR BUILT
|
1965
|
COMMUNITY
|
Silver Lake - Echo Park
|
COUNTY
|
Los Angeles
|
STATUS
|
Conditional
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
AREA |
Silver Lake - Echo Park |
GARAGE |
Assigned |
LOT |
9657 sq ft |
PARKING |
Assigned |
STORIES |
2 |
ZONING |
LAR2 |
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Listed with Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of 10/31/24 12:21 AM 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
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