1932 Park Ave

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Address: 1932 Park Ave, Los Angeles, CA 90026, USA
Created date: May 15, 2024
Date last updated: May 15, 2024

Property Description

Location! Location! Location! Charing 4 unit apartment building steps from Echo Park lake and Sunset Blvd dining and nightlife. Each unit is One Bed/Bath. One unit is vacant. Property has all copper plumbing, no HVAC, 200 amp electrical, and foundation is bolted. All work has been done with permit. Individual gas & power and each unit has it's own water heater. Sited on 6,232 SF lot that fronts Park and Bonnie Brae. Current monthly income $6,794. DEVELOPER ALERT! Seller has TOC & CDO approved plans for 14-Unit apartment building and 3 ADU's can be added! Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. Seller will not deliver RTI. Seller will not relocate existing tenants. Laundry is on site (coin op) and each unit has it's own water heater.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $1,300,000
No. of Units: 4
Year Built: 1948
Lot Size: 2,660.00 Sq ft
Opportunity Zone: No
Price per unit: $325,000
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 0
Address: 1932 Park Ave, Los Angeles, CA 90026, USA
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