Prime Echo Park

Your Agent Contact Information

Agent Name: Greg Bender Agent Phone: 323-671-1280 Agent Fax:   E-mail Address: GregBenderLA@Gmail.com Website: http://www.GregBenderLA.com

Saved Search: "Prime Echo Park" has returned the following listings:

222 North Lake Street  , CA 90026 $4,000,000 Active WS14112213MR New Listing

Area:  (21) Silver Lake - Echo Park Subdivision: Property Type:  Residential Income # of Units:  21 Gross Rent Multiplier:  Lot Size:  21,904/PR Building/Living Area:  14,036 Land Type: Unit Type: Equipment:

Remarks:  Subject property has 3 lots total 21 rental units. 222 N. Lake St. APN 5157020044, has 14 units apartment, around 9184 SF building and 10953 SF lot. 226-228 N. Lake St. APN 5157020023, has 3 bungalow houses, around 1584 SF building and 5476 SF lot. 230 N. Lake St. APN 5157020021, has 4 units apartment, around 3268 SF building and 5477 SF lot. Property being zoned R-4 of Los Angeles City offers an excellent redevelopment opportunity. Three contiguous parcels have a frontage of 160 ft and depth of 136.90 ft, with 21,904 square feet of land. It could be built up to 54 units condominium or up to 73 units apartment with City bonus (it is buyer?s responsibility to verify the redevelopment possibility with LA City). It is in a developed urban area located approximately 1 mile northwest of Downtown Los Angeles. All relevant community services are available in the immediate area surrounding the property. Minutes away from Staple Center, L.A. Live, Nokia Center, Los Angeles Civic Center, LA Convention Center, Dodger Stadium, and a couple medical/hospital centers. It is centrally located in a high density urban area. The neighborhood population is growing with strong on going residential demand. It could be a very profitable development project.

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2014 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. This email was sent by Greg Bender CalBRE# 01725209 (GregBenderLA@Gmail.com). To unsubscribe, please click here.