Back on Market - buyer didn't perform! Incredible opportunity to acquire 12,929 square feet of LAC2 land in the hippest part of LA, Echo Park. The property includes 2 adjacent parcels with a 1484 Sunset Blvd, a single family residence, and 5 unit income property at 1488 Sunset Blvd bringing a total income combined of $9,571 per month. 100 feet of frontage on Sunset Blvd. Recent sale across the street? Brickworks for $9.5M, slated for 15,000 square feet of retail space featuring a trendy food-court-style collection of eateries. Newer rentals in the area? Achieving over $3.50 per foot. Additional potential development benefit of backing up to an alley for accessibility and setbacks. A burgeoning area with minutes to downtown and local hotspots with endless possibilities.
|Lot Square Feet||≈ 12,929|
|Area||671 - Silver Lake|
|Listing Brokerage||Keller Williams Realty Los Fel|
|Listing Agent||Grant Linscott|
|Listing Agent BRE #||01715002|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, August 24, 2018.
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