$975,000
Active MLS # SB24046189 | Listed by Lorraine Tan with Lyon Stahl Investment Real Estate, Inc.
Active MLS # SB24046189 | Listed by Lorraine Tan with Lyon Stahl Investment Real Estate, Inc.
2620 Idell St is a $975,000, 2,208 square foot home on a 0.16 acre lot located in Los Angeles, CA.
Lyon Stahl is pleased to present 2620 Idell Street, a value-add, 4-unit investment located in an Opportunity Zone within the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California, and the Westside of Los Angeles. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.
#Garage Spaces | 4.0 |
Interior Features | Common Area |
# Parking Spaces | 8 |
Parking Types | parking105 |
Exterior Features | Curbs Sidewalks None Standard Garage Property Attached - Yes Rent Control - Yes |
Construction Types | 2 Common Walls |
Land Type | Landscaped |
Water Source | Public |
Sewer | Unknown |
Attribution Contact | 909-618-2352 |
Financial Terms | 1031 Exchange Conventional financialterm335 |
Property Type | Residential Income |
Property Sub Type | Quadruplex |
Style | Full Service |
Year Built | 1917 |
HOA Fee | $0.00 |
Taxes | $0.00 |
County | los angeles |
Elementary School | |
Middle School | |
High School | |
Neighborhood |
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