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    247 N Westlake Avenue

    Los Angeles (City), CA 90026
    • $1,999,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 20673896
    $1,999,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,900
      SQFT
    • $689
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:

    School Ratings & Info

    Description

    LOCATION LOCATION LOCATION! Look no further... . . . Tri-plex. Good land development opportunity in up and evolving Silver Lake / Echo Park neighborhood. California Craftsman with potential for adding units to the site or building a new commercial or multi-family project. Stable cashflow during entitlement process. Opportunity zone. Zimas indicates Tier 2 designation with a 35% increase FAR of at least 3.25%. Each bedroom allocates .5 parking space but no more than 1 space per unit. All buyers to conduct their own site and development investigations and should not rely on this data for investment or future development purposes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112913458
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    247 N Westlake Avenue Los Angeles (City), CA 90026

    • Price: $1,999,000
    • Status: Active
    • MLS #: 20673896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,900
    SQFT
    $689
    $/SQFT
    1895
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    LOCATION LOCATION LOCATION! Look no further... . . . Tri-plex. Good land development opportunity in up and evolving Silver Lake / Echo Park neighborhood. California Craftsman with potential for adding units to the site or building a new commercial or multi-family project. Stable cashflow during entitlement process. Opportunity zone. Zimas indicates Tier 2 designation with a 35% increase FAR of at least 3.25%. Each bedroom allocates .5 parking space but no more than 1 space per unit. All buyers to conduct their own site and development investigations and should not rely on this data for investment or future development purposes.
    Exterior Features

    Foundation Details Pillar/Post/Pier Lot Size Units Square Feet Parking Features Driveway Parking YN Yes Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 96000.00 Gross Multiplier 15.60 Gross Operating Income 90000.00 Net Operating Income 81000.00 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Total Expenses 15000.00 Vacancy Allowance Rate 0.00 Zoning Lard1.5

    Listing provided courtesy of Bruce Mena of Renaissance Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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