Listed by Kikuo Takahashi, Kasumi Realty, Inc.,

3309 Ellsworth Street

Los Angeles, CA, 90026

$3,999,000

$3,999,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1929
* Lot size 9,920 sf. * Attention DEVELOPERS/INVESTORS! Location – SILVER LAKE! Potential, Potential! Extraordinary opportunity for development or investment! * Prime location, corner lot, six-unit income property with possible development in quiet, residential Silver Lake neighborhood. First time on market in over 30 years. Silver Lake is a most sought after, up trending and upscale area, conveniently located near dining/entertainment, parks/recreation, DTLA and Hollywood. * Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to a developer in the future. * DEVELOPERS: Potential Small Lot Development, similar to recent, nearby developments on Hyperion Ave. and Lucile Ave. Check with city as to the viability and possibility of Small Lot Development. As a possible development opportunity, buyer must verify ability to build to their own satisfaction. This corner lot location in a quiet residential neighborhood features relaxed traffic flow and uncongested street parking, creating a comfortable and desirable living environment. * INVESTORS: This current six-unit income property has well below market rents, presenting significant upside rent potential. Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to developer at a future time. * Property is on the Northwest corner of Ellsworth St. & Robinson St. Property consists of two separate buildings on one corner lot. Lot size 9,920 sf.
MLS® ID:
SB22168029
Listed:
6/30/22
Updated:
8/8/22
Coldwell Banker Hallmark Realty
Edwin Ordubegian

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
9,920 ft² lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C21 - Silver Lake - Echo Park
HOA Amenities
Curbs
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LARD2

 

Listed by Kikuo Takahashi, Kasumi Realty, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. 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.

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Data last updated 9:55 AM UTC, 8/8/22

Coldwell Banker Hallmark Realty
Edwin Ordubegian
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