1488 W Sunset

    Los Angeles (City), CA 90026
    • $3,100,000
    • STATUS: Active
    • ON SITE: 313 days
    • ID#: 17290608
    UPDATED: 59 min ago
    $3,100,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Back on Market - buyer didn't perform! Incredible opportunity to acquire 12,929 square feet of LAC2 land in the hippest part of LA, Echo Park. The property includes 2 adjacent parcels with a 1484 Sunset Blvd, a single family residence, and 5 unit income property at 1488 Sunset Blvd bringing a total income combined of $9,571 per month. 100 feet of frontage on Sunset Blvd. Recent sale across the street? Brickworks for $9.5M, slated for 15,000 square feet of retail space featuring a trendy food-court-style collection of eateries. Newer rentals in the area? Achieving over $3.50 per foot. Additional potential development benefit of backing up to an alley for accessibility and setbacks. A burgeoning area with minutes to downtown and local hotspots with endless possibilities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T10:26:07.443. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/79220076

    1488 W Sunset Los Angeles (City), CA 90026

    • Price: $3,100,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 17290608
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Back on Market - buyer didn't perform! Incredible opportunity to acquire 12,929 square feet of LAC2 land in the hippest part of LA, Echo Park. The property includes 2 adjacent parcels with a 1484 Sunset Blvd, a single family residence, and 5 unit income property at 1488 Sunset Blvd bringing a total income combined of $9,571 per month. 100 feet of frontage on Sunset Blvd. Recent sale across the street? Brickworks for $9.5M, slated for 15,000 square feet of retail space featuring a trendy food-court-style collection of eateries. Newer rentals in the area? Achieving over $3.50 per foot. Additional potential development benefit of backing up to an alley for accessibility and setbacks. A burgeoning area with minutes to downtown and local hotspots with endless possibilities.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet View Peek-A-BooHillsCity Lights View YN Yes

    Property Features

    Association Fee 0.00 Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Grant Linscott of Keller Williams Realty Los Fel.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T10:26:07.443. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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