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$975,000
48 Days Online

2620 Idell St
Los Angeles, CA 90065

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Lorraine Tan of Lyon Stahl Investment Real Estate, Inc. 909-618-2352

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Call Now: 310-995-6273
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310-995-6273
2620 Idell St2620 Idell St2620 Idell St
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Monthly Payment (Est.)

$4,448
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Lyon Stahl is pleased to present 2620 Idell Street, 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 of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.

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Listing Snapshot
Price 
$975,000
Days Online 
48 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,208 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1625 Acres
Year Built 
1917
MLS® Number 
SB24046189
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $975,000
2 months agoListing first seen online
General Features
Parking Spaces 
4
Sewer 
Unknown
Number of Stories 
2
Acreage 
0.1625
Water 
Public
Property Sub Type 
Quadruplex
Garage Spaces 
4
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Lot 
Landscaped
Community Features
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
CYPK - Cypress Park


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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