1920-1922 Mellon Ave - Apartments FOR SALE


Los Angeles, CA 90039- Echo Park
$1,175,000 USD
323-816-6066
1920-1922 Mellon Ave, Los Angeles, CA for Sale
$1,175,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1920-1922 Mellon Ave
Los Angeles, CA 90039
Echo Park


OVERVIEW

2 On-a-Lot (2-Units) in Sought-After 'Elysian Valley / Frogtown' community of NELA. First Time on market in 60 years! Priced below market. Live in one, Rent the other to help with mortgage payments. Recent Huge Price Reduction!!! * * * FRONT HOUSE (1922): Originally built 1966 w/ 2nd Story Addition in 1976 (all permitted). 4BR + Bonus 5th BR (or office), 23/4 Bathrooms. Formal Dining Room, Large Kitchen w/ Breakfast Bar and additional dining area w/ Recessed Lighting; built-in Range and Double Oven + Slider to side yard. 2nd Floor Family Room (at landing) and double doors to large Master Bedroom Suite with walk-in closet and Full Bathroom. Laundry Closet in Bonus Room. Attached 2-Car Carport w/ lots of storage cabinets. Front fenced yard. Systems: Central A/C, forced air heating, copper plumbing, saltillo tile (most of 1st floor), laminate (BR#4 - 1st fl, & Family Room - 2nd fl), carpet (all 2nd fl BR's). - Front House is tenant occupied and can be shown with 24-hour advance notice. * * * BACK HOUSE (1920): Buyer's can occupy Back House at COE. Original property on lot, built 1936. 2-Story, 2BR, 13/4 Bathrooms. Living Room w/ Fireplace, Spacious Formal Dining Room; both with arched entries and coved ceilings. Large Kitchen w/ storage & pantry. Laundry Room w/ door to back w/ doggie door. 2nd Floor Master Bedroom Suite w/ lots of windows and your own Bathroom. 1st Floor Master Bedroom Suite w/ 3/4 Bathroom. Attached 1-Car Garage. Hardwood floors (liv room, FDR, 1st fl BR), tile (kitchen, laundry), carpet (2nd floor master BR). - Back House is Vacant at Close of Escrow. * * * Located near 2, 5 & 110 freeways, Dodger Stadium, DTLA, transportation, parks, L. A. River and more. There is a lot of new development in community, so now is your chance to buy while you can.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

3

PRICE/UNIT

$391,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,202 SF

ZONING

LAR2

APN/PARCEL ID

5442-020-005

ASK ABOUT THIS PROPERTY

John CalvoLighthouse Realty AssociatesMore Info
323-816-6066

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John CalvoLighthouse Realty AssociatesMore Info
323-816-6066

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