1427 Laveta, Los Angeles, CA 90026
1427 Laveta, Los Angeles, CA 90026
1427 Laveta, Los Angeles, CA 90026
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$1,299,999
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10,267 Sqft Lot
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1427 Laveta Los Angeles, CA 90026

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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26184561

Construction Status Repairs Major

HOA Y/N No

Year Built 1923

Lot Size 10,267 Sqft

Property Sub-Type Mixed Use

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

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Laundry Room

Exterior

Parking Features Carport

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Park

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Flat

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Major

Others

Senior Community No

Tax ID 5419025030

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard


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Listed by Margaret Sun Coldwell Banker Envision 626-616-2380, DRE #01278646

NEARBY SCHOOL & BUSINESS

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Amber Raygor

Amber Raygor

Agent | License ID: 02262119

+1(619) 988-0838

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1427 Laveta