$1,395,000
4 Bed
4 Bath
2,302
0.23 Acre Lot

1922 Lake Shore Avenue, Los Angeles, California 90039

  • Residential Income Property Type
  • 2,302 Square Footage
  • None Cars Garage
  • 1903 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
24440771
$1,395,000
4
4
2,302
1903
0.23 Acre
Active
Features
: None
$0
Address Map
CA
Los Angeles
Los Angeles
90039
Lake Shore
1922
Avenue
W119° 44' 42''
N34° 5' 18''
East of Alvarado Street & South of Baxter Street
C21 - Silver Lake - Echo Park
LAR1
Additional Information
$0
$0
$0
$0
$0
2302
: Two, Multi/Split
3
2024-09-17
1495000
2
2
Broker/Agent Information
Marcus & Millichap
Sean Rosenzweig
Listing Information
CLW-C107850
CLW-X7515101
Active
2025-01-28T20:37:00Z
CRMLS
: Standard
2024-09-17T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069