Detail

Updated on November 17, 2021 at 11:16 pm

  • Land Area: 4,773 sq ft
  • Property Size: 1,810 sq ft
  • Price: $1,050,000
  • Year Built: 1924

Description

• Major price reduction!
One-story, 3-unit apartment building
221: 2 Bedroom/1 Bath (detached rear unit); 223: 1 Bedroom/1 Bath; 223-1/2: 1 Bedroom/1 Bath (currently vacant)
Two garages (tenant at 221 controls)
Roof was replaced within the past 10 years
Copper plumbing
Storage with laundry potential (has plumbing)
Great location one block west of Glendale Blvd and three blocks north of Beverly Blvd
Echo Park is located approx. 1/4-mile to the north
Easy access to the Hollywood (101) and Harbor (110) Freeways
Also adjacent to Westlake and Angelino Heights
Fantastic upside potential!
Pro forma $63,754 net annual income | Pro forma 6.07% cap rate
Please do not disturb the tenants; call broker to show

Property Documents

  • Marketing Package for 221 Lake Shore Terr
  • Address: 221 Lake Shore Terrace
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90026
  • Country: United States

Contact info

Jesse McKenzie
Jesse McKenzie
213.747.4156714.883.6875

Inquire about this property

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