$975,000
2620 Idell St Los Angeles, CA 90065
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$975,000
Est. payment /mo
4 BD
2,208 SqFt
Active
2620 Idell St Los Angeles, CA 90065
UPDATED:
09/17/2024 02:03 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $441
MLS Listing ID CRSB24191224
Bedrooms 4
HOA Y/N No
Year Built 1917
Lot Size 7,080 Sqft
Acres 0.16
Property Description
2620 Idell Street is 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
Location
State CA
County Los Angeles
Area Listing
Interior
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
Total Parking Spaces 4
Building
Lot Description Landscape Misc
New Construction No
Others
Tax ID 5446012014
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Lorraine Tan • Lyon Stahl Investment Real Estate, Inc.
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