1650 Lucretia Avenue,  Los Angeles CA, 90026 (Residential Income)

2,320 sqft
Status: Active
MLS#: 16168012
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Last Updated: 12/7/2016 8:34 PM
Description for 1650 Lucretia Avenue Los Angeles, CA 90026
We are pleased to present the opportunity to acquire 1650 Lucretia Avenue, a three-unit investment opportunity located in a prime Echo Park neighborhood of Los Angeles. Originally built in 1962, the subject property consists of one two-story building totaling 2,320 square feet situated on 5,787 square feet of land. The desirable unit mix consists of 100% two-bedroom/one-bathroom units. A new owner will be able to capitalize on the dramatically increased rents and new developments in the area. Tenants enjoy convenient access to bars, restaurants and are a short commute to Downtown Los Angeles.Located north of Sunset Boulevard in Echo Park, a market with compelling fundamentals, trendy restaurants, boutique retailers, and a variety of music and entertainment venues that draw crowds from across Los Angeles.
Price
$1,500,000
Los Angeles
2,320 (approx)
16168012
Active
Description
We are pleased to present the opportunity to acquire 1650 Lucretia Avenue, a three-unit investment opportunity located in a prime Echo Park neighborhood of Los Angeles. Originally built in 1962, the subject property consists of one two-story building totaling 2,320 square feet situated on 5,787 square feet of land. The desirable unit mix consists of 100% two-bedroom/one-bathroom units. A new owner will be able to capitalize on the dramatically increased rents and new developments in the area. Tenants enjoy convenient access to bars, restaurants and are a short commute to Downtown Los Angeles.Located north of Sunset Boulevard in Echo Park, a market with compelling fundamentals, trendy restaurants, boutique retailers, and a variety of music and entertainment venues that draw crowds from across Los Angeles.
Listing Information
Property Type: Cluster, Other
0.13 Acres 578,700 sq.ft. 2,320 (approx)
$646.55 1962
3 Total
Neighborhood
Room Information
Exterior / Lot Features
LARD1.5
Driving Directions
north of Sunset Boulevard
Financial Considerations
5419008034
,$22,489
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,804,503.

The median household income in Los Angeles, California 90026 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90026 is 34.1 years.

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Courtesy: Marcus & Millichap Sean Rosenzweig
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Information is deemed reliable but is not guaranteed.

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