MLS® ID: 19-456158
1426 W Sunset
Los Angeles, California, 90026 $1,450,000
We've bee selected to exclusively market for sale a four (4) unit building, plus one (1) non-conforming unit, located in one of the most sought-after rental neighborhood's in Los Angeles, Echo Park. The investment property sits on the famed Sunset Boulevard on a 6,504 SF lot with C2-1VL zoning, making the offering an attractive development opportunity. The asset is currently surrounded by many new construction properties and proposed development projects nearby on Sunset Boulevard. The 1922 built value-add building consists of four (4) large one-bedroom/one-bathroom, which all include a living room plus a den, and dual-entrances for each unit. The charming spacious units are approximately 930 square feet each. An investor can acquire and look to tap into the substantial upside in rents though renovation programs, bringing the non-conforming unit in compliance, or redevelopment. A developer can also count on the $68,376 gross annual rents while preparing for the future development.