1303 Lilac Terrace - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$4,750,000 USD
310-291-2667
1303 Lilac Terrace, Los Angeles, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/47
null | 3.71% Cap Rate

1303 Lilac Terrace
Los Angeles, CA 90026
Echo Park


OVERVIEW

GT Property Management & Real Estate Investments is pleased to offer for sale an exceptional multifamily asset nestled in the Echo Park neighborhood of Los Angeles. This distinctive hilltop property boasts 9 spacious one bedroom and 1 three-bedroom units, with breathtaking skyline views of Los Angeles. Elevated above the city, the property encompasses 5,975 square feet of rentable area across 10 buildings, all situated on an 21,900 square foot . Potential for investors to achieve significant upside with the addition ADUs. Potential for owner finance with $2,000,000 down. Low rate 5 year. call for details. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT HUGH FOR DETAILS.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$795 USD /SF

# OF UNITS

10

PRICE/UNIT

$475,000

CAP RATE

3.71%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 California Detached Bungalows

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

5406-011-022

ASK ABOUT THIS PROPERTY

Hugh TerlindenGT Property Management & Real Estate InvestmentsMore Info
310-291-2667

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Hugh TerlindenGT Property Management & Real Estate InvestmentsMore Info
310-291-2667

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.