523 N Lake St - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$1,200,000 USD
424-421-4241
523 N Lake St, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/6
null | 2.33% Cap Rate

523 N Lake St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Prime location near Echo Park, Los Angeles Union Station (Metro, Metrolink & Amtrak), Dodger Stadium, Griffith Park, Vons and Sprouts Farmers Market.
  • Expansive 8,000+ sq. ft. lot offering ample outdoor space and future potential
  • Private driveway with an attached shared two-car garage
  • Fully fenced property providing added privacy and security

OVERVIEW

Located in the highly desirable Echo Park/Silver Lake area of Los Angeles, 523 N Lake St presents an exceptional multifamily investment opportunity with strong long-term upside. This well-located duplex sits on an approximately 8,400 SF LARD2-zoned lot and features approximately 2,618 SF of building area, offering investors the opportunity to capitalize on one of Los Angeles' most sought-after rental markets. The property was originally built in 1912 and is situated in a vibrant neighborhood known for its strong rental demand, walkability, and proximity to Downtown Los Angeles. Conveniently located just minutes from Downtown LA, Echo Park Lake, Silver Lake, Sunset Boulevard, Dodger Stadium, and major freeways, the property provides excellent access to employment centers, entertainment, restaurants, shopping, and public transportation. Whether for long-term hold, value-add improvements, or future redevelopment (buyer to verify), this asset offers investors a rare opportunity to acquire property in one of Los Angeles' most supply-constrained neighborhoods.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

2.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

523 N LAKE ST, LOS ANGELES, CA 90026

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LARD2

APN/PARCEL ID

5402-040-011

ASK ABOUT THIS PROPERTY

Arie RoseRose & Co Commercial GroupMore Info
424-421-4241

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Arie RoseRose & Co Commercial GroupMore Info
424-421-4241

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