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Listed by Margaret Sun, DRE #01278646 • Coldwell Banker Envision
$ 1,299,999
Est. payment /mo
New
1427 Laveta Los Angeles, CA 90026
10,266 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26184561
Year Built 1923
Lot Size 10,266 Sqft
Source California Regional MLS
Property Description
Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers. This unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers. Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF Both vacant lots on Fairbanks Pl are to be sold together. A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Rooms
Kitchen Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry In Laundry Room
Exterior
Parking Features Carport
Garage Spaces 2.0
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 5419025030
Special Listing Condition Not Applicable
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