1934 Santa Ynez St, Los Angeles CA 90026
OFFERING PRICE: $1,250,000
MVP Commercial Investment Real Estate of KW Commercial is pleased to present 1934 Santa Ynez Street. A four (4) unit wood frame stucco multifamily investment opportunity located in Echo Park built in 1911 consists of 2,920 SF of living area. The quadruplex consists of four (4) spacious One Bedroom / One Bathroom Units and is situated on a 4,998 SF lot zoned LAC-2. Two of the units contain small bonus rooms that can be used as office space.
THE SUBJECT PROPERTY WILL BE DELIVERED FULLY VACANT. The vacancy allows for a rare opportunity for an investor to rebrand the property by renting all units at market rates. This will generate outstanding returns for the new owner. With exceptional location in Echo Park, a very densely populated area of Los Angeles, a strategic investor will have no problem leasing the units in a high rental demand area and will enjoy a property that will run at maximum potential.
Further, zoned C-2, this property also offers an encouraging development opportunity for an investor wanting to build. With a generous amount of lot space, an investor has the ability to develop a high-value project in a neighborhood with a very high population density. The current vacancy allows for an investor to immediately eliminate relocation costs of tenants, and C-2 zoning allows for a developer to build up 12 units by right, and potentially more with low-income housing density bonuses (buyer to verify). In addition to a multifamily development, C-2 zoning allows for a variety of different development projects, making 1934 Santa Ynez St. a unique opportunity in the famed Echo Park area.
Situated just blocks from Sunset Blvd and Echo Park Lake, tenants also benefit from a short commute to Downtown Los Angeles and Dodger Stadium.
For more information, please download the Offering Memorandum.
- 100% VACANT
- 7.85% CAP and 9.65 GRM at Full Market Rates
- Zoned LAC-2 | Develop 12 Units (By Right, Buyer to Verify)
- Priced at $250.10 per Lot SF
- Incredible Value-Add Opportunity
- High Rental Demand Area
- Just Minutes Away from Dodger Stadium and Downtown Los Angeles
- Prime Echo Park Location just 2 blocks from Echo Park Lake and Sunset Blvd.
- Easy Access to the 101 and the 110 Freeway
MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.