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Lilac Pl Los Angeles, CA 90026

For Sale
$970,000

Seven units in desirable Echo Park, Los Angeles.

Property size:
4,604 SF
Lot size:
0.13 Acres

Property Features for Lilac Pl

General Information

Standard status
Active
Size
4,604 SF
Lot size
0.13 Acres

Building Details

Year built
1921

Source: MARCUS & MILLICHAP Agent SEAN ROSENZWEIG

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Seven-Unit Apartment Building in Echo Park

This seven-unit apartment building is located north of Sunset Boulevard in the Echo Park submarket of Los Angeles. Situated on a 5,548 square foot parcel, the property consists of five studios and two one-bedroom units. The property is located in a desirable neighborhood that combines open space with urban walkability. New ownership can add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential. Permits are "RTI" Status. The property offers value-add potential and an attractive basis for investors. The property is being sold as part of a two-building portfolio, including a five unit directly adjacent, which is available individually or any combination as a portfolio purchase. The building has a total size of 4,604 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.24889
Latitude
34.07202

FAQs

What type of property is this?
Apartment building - Seven units in desirable Echo Park, Los Angeles.
Where is this apartment building located?
The property is located at Lilac Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: - Prime location north of Sunset Boulevard in the desirable Echo Park submarket.; - Significant value-add potential with permits ready to issue (RTI) for an Additional Dwelling Unit (ADU).; - Attractive basis for investors.
More about this property
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