1303 Lilac TER, Los Angeles, CA 90026
1303 Lilac TER, Los Angeles, CA 90026
1303 Lilac TER, Los Angeles, CA 90026
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Stephen Biskup, DRE #01854478 • Sotheby's International Realty
$4,300,000
Est. payment /mo
0.5 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPF26016505

Year Built 1923

Lot Size 0.499 Acres

Source California Regional MLS

Property Description

A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings or conversion into condos. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Seller is willing to carry the loan at a su

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Laundry In Laundry Room

Exterior

Garage Spaces 3.0

Pool None

Building

Water District - Public

Others

Tax ID 5406011022

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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1303 Lilac TER

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