1932 Park Avenue Los Angeles, CA ^$ 1,550,000

1932 Park Avenue

^$ 1,550,000

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1932 Park Avenue

Los Angeles, CA, 90026

^$ 1,550,000

Studio Baths0.0 Sq 2,660

Monthly Estimate*

^$ 10,827

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,550,000. This 2,660 square foot home was built in 1948 on a lot size of 0.15.

TOC Planning approved 14-Unit Development Opportunity ( 3 ADU's can be added ) in prime Echo Park location steps away from Echo Park lake, dining and nightlife on Sunset Blvd. Sited on a street to street lot (Park & Bonnie Brae Ave) with sweeping views of DTLA skyline and lake. TOC incentives include 63' height limit, reduced front and side yard setbacks and 7 parking spaces. Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. The lot is 6,232 Sq Ft zoned R3 - Tier 3. Currently improved with 2600 SF (4) unit apartment building (all one bed/i bath) with one vacancy. Current monthly income $3,735

Multi-Family Active

Price

^$ 1,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.15

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0022178697

Features

General

Heating Wall Furnace

Possession Close of Escrow

Zoning LAR3

Architectural Style Traditional

Security Features Smoke Detector(s) Carbon Monoxide Detector(s) Fire Sprinkler System

Year Built 1948

Tenant Pays Electricity Gas

View City Lights

Levels Two

Community Features Lake

County Los Angeles

Net Operating Income 31374.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction East

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area C21 - Silver Lake - Echo Park

Lot Size Square Feet 6322.0

Street Name Park

Additional Parcels Y/N No

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Disposal Dishwasher Refrigerator Microwave

Total Stories 2

Common Walls No Common Walls

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

Exterior

Parking Features Uncovered

Lot Size Area 6322.0

Foundation Details None

Building Area Total 2660.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Shawn S. Kormondy

Listing Agent

Keller Williams Beverly Hills

Broker

Affordability Calculator

$10,827

Per Month

Monthly Principal & Interest: $10,827
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,243,444

Percent of Sale Price 45%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/19/2022	$1,550,000	-6.06%	Price Down
9/8/2022	$1,650,000		Listed Price

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1932 Park Avenue, Los Angeles, CA, 90026 is a Multi-Family Home for sale at $1,550,000 with 2,660 sqft and a lot size of 0.15. 1932 Park Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 90026 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1932 Park Avenue

Multi-Family Home for sale in Los Angeles, CA

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