1242 Lilac Pl - Apartments FOR SALE
Los Angeles, CA 90026 |
1242 Lilac Pl
Los Angeles, CA 90026
HIGHLIGHTS
- There is 144 percent remaining rental upside through interior renovations – not including potential ADU income
- Offered at $138,571 per unit and $211 per square foot — the lowest price per unit of any multifamily property in Echo Park
- Prime Echo Park location with convenient access to jobs, retail, nightlife, and entertainment in Echo Park, Silver Lake, and Downtown LA
- RTI-approved 1B/1B ADU plans offer a shovel-ready income opportunity, with additional studio ADU conversion plans pending (Buyer to verify).
- The 2028 Summer Games are expected to boost LA’s real estate market through major infrastructure, neighborhood, and venue upgrades
- Part of a two-building portfolio including the adjacent property; available individually or as a portfolio acquisition
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
7 Units + RTI ADU Plans | Prime Echo Park
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4604
STORIES
2
YEAR BUILT
1921
PARKING SPACES
2
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5406-012-029
