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2620 Idell St

Los Angeles, CA 90065

PRICE REDUCED

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-$60,000 (-6.15%)

$915,000

List Price

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1917

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Property Description

2620 Idell Street is 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.

Listing Information

List Price $915,000
Status Active
MLS SB24191224
Type Residential Income
Subtype Quadruplex
Year Built 1917
Lot Size 7,080
Structure Size N/A
DOM 70
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Lorraine Tan DRE#01971639
Co-Listing Agent Nico Rosmarin DRE#02023847

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

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Listing information courtesy of: Lorraine Tan, Nico Rosmarin, Lyon Stahl Investment Real Estate, Inc. 909-618-2352. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 25th, 2024 at 7:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.