1427 Laveta, Los Angeles, CA 90026
- $1,299,999
Listing courtesy of Listing Agent: Margaret Sun (sunsold@yahoo.com) from Listing Office: Coldwell Banker Envision.
- List Price
- $1,299,999
- Status
- ACTIVE
- Days on Market
- 18
- MLS#
- AR26184561
- Subtype
- Residential Income
- Year Built
- 1923
- Lot Size
- 10,266
- Acres
- 0.24
- MLS Area Major
- Silver Lake - Echo Park (C21)
Property Description
Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers. This unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers. Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF Both vacant lots on Fairbanks Pl are to be sold together. A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments.
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Additional Information
- Flooring
- Carpet, Wood
- Appliances
- Gas Oven
- Heating
- Wall Furnace
- Stories
- Two Levels
- Levels
- Two
- Roof
- Flat
- Pool Type
- None
- Parking Features
- Carport
- Garage Spaces
- 2
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.