1242 LILAC PL
LOS ANGELES, CA 90026
$1,050,000
2 Beds
7 Baths
4,604 Sq Ft
Status Active
MLS# 24-388985
We are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods for renters in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 5,548 square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential. The property's desirable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1242 Lilac an excellent acquisition opportunity for investors.
Details for 1242 LILAC PL
Built in 1921
$228 / Sq Ft
2 parking spaces
Other
Other
22 Days on website
0.1274 acres lot
Area Information for 1242 LILAC PL
