Courtesy of Stephen Biskup, Sotheby''s International Realty,

1303 N Lilac

Los Angeles, CA, 90026

$4,050,000

$677 per ft²
$4,050,000
$677 per ft²
Active
Active
 - For Sale
carpenters-square
5,975 ft²
property_type
Multi-family
calendar
Built 1923
A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park/Silver Lake vicinity of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & DTLA. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 6,000 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 reinforcement of the bungalows. All units are separately metered for gas & electricity and 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. Property is offered at a current 5.25% CAP rate with room to grow the rents as they are month to month leases. At a current 16.52 GRM don’t miss this opportunity!
MLS ID:
PF21174154
Listed:
8/6/21
Updated:
12/8/21

Interior Features

Kitchen Appliances
Gas Range, Refrigerator, Water Heater, Washer
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer Hookup, Inside, See Remarks
Floor Description
Wood
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.5 acres lot
Lot Details
6-10 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C21 - Silver Lake - Echo Park
HOA Amenities
Biking, Foothills, Hiking, Park, Street Lights, Sidewalks, Urban
Attached Garage
Yes
Garage Spaces
3
Parking Total
10.0
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LARD1.5

Property History

Date
Event
Price
Value
11/10/21
Price Change
$4,050,000
-3%

 

Courtesy of Stephen Biskup, Sotheby''s International Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/21. 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 1:03 AM UTC, 12/8/21

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