Thank you
Lorraine Tan
Lyon Stahl Investment Real Estate, Inc.
310-425-9838
Lyon Stahl is pleased to present 2620 Idell Street, a value-add, 4-unit investment located in an Opportunity Zone within the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California, and the Westside of Los Angeles. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1062076307 | 0 | 1 | 0 | 0 |
2 | 1062076307 | 0 | 1 | 0 | 0 |
3 | 1062076307 | 0 | 1 | 0 | 0 |
4 | 1062076307 | 0 | 1 | 0 | 0 |
Water Source : Public
Sewer : Unknown
Year Built: 1917
Building Area Total: 2,208
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1625
Lot Size Source: Assessor
Lot Size Square Feet: 7080
Original List Price: 975,000
Listing Contract Date: 2024-03-06
Listing Agreement: Exclusive Right To Sell
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: CYPK - Cypress Park
Directions: Located off of Idell and W Avenue 26
Source Property Type: Residential Income
Area: CYPK - Cypress Park
Property SubType: Quadruplex
Property Age: 107
Common Walls: 2+ Common Walls
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: West
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Lavell Drive, Los Angeles, CA,90065 | $300,000 | -- | -- | -- | 5066 Sqft |
1056 Oban Dr, Los Angeles, CA,90065 | $420,000 | -- | -- | -- | 5099 Sqft |
3408 N Figueroa Street, Los Angeles, CA,90065 | $1,600,000 | 4 | 1 | 3,494 | 4926 Sqft |
329 Museum Drive, Los Angeles, CA,90065 | $518,000 | -- | -- | -- | 4485 Sqft |
524 Rustic Drive, Los Angeles, CA,90065 | $138,500 | -- | -- | -- | 3082 Sqft |
520 Rustic Drive, Los Angeles, CA,90065 | $138,500 | -- | -- | -- | 2903 Sqft |
304 Crane Boulevard, Los Angeles, CA,90065 | $449,000 | -- | -- | -- | 6246 Sqft |
3652 Altamont Street, Los Angeles, CA,90065 | $150,000 | -- | -- | -- | 21923 Sqft |
4420 Verdugo Road, Los Angeles, CA,90065 | $1,500,000 | 3 | 2 | 2,698 | 6260 Sqft |
Mimosa Drive, Los Angeles, CA,90065 | $90,000 | -- | -- | -- | 6591 Sqft |
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ByOwner last updated this listing 05/23/2024 @ 04:26
MLS: SB24046189
LISTED BY: Lorraine Tan, Lyon Stahl Investment Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.