Los Angeles, CA 90026,1556 Morton AVE
Los Angeles, CA 90026,1556 Morton AVE
Los Angeles, CA 90026,1556 Morton AVE
24
$1,061,000
$1,050,000
1.0%
Est.Price: ?

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2 BD
2 BA
1,426 SqFt

1556 Morton AVE Los Angeles, CA 90026

Est. payment /mo
SOLD DATE : 06/28/2023

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Jerry And Rachel Team Hsieh

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Key Details

Sold Price $1,061,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,426 sqft

Price per Sqft $744

MLS Listing ID 23238227

Sold Date 06/28/23

Bedrooms 2

HOA Y/N No

Lot Size 3,166 Sqft

Property Description

*LEFT UNIT WILL BE DELIVERED VACANT!!* RARE FIRST TIME ON MARKET IN 80 YEARS! IT'S AN OPPORTUNITY MARKET, AND THIS IS THE CAN'T MISS OPPORTUNITY YOU'VE WAITED FOR. BIG UPSIDE, WITH MULTIPLE POSSIBILITIES. SUPER-RARE COMMERCIALLY ZONED DUPLEX ON AN EXCELLENT "PRIME A" Triangular Corner location that is as trendy and popular as it gets. This versatile LAC2-zoned property can continue as residential or be re-purposed in as a Triple-net Retail space at pro-forma $6,142/month (think BROOME STREET GENERAL STORE in Silver Lake). The lots C-2 zoning allows new construction max 2-Story, 35 feet tall (~4,000 sq. ft. interior) new build. Next to Canyon Coffee, Cookbook LA Grocery, Des Pair Books, and Glowing Plant-Based Eatery. This block of Echo Park blvd is completely redeveloped, with many well-known architects and development projects since 2015. For both living and lifestyle - this junction attracts locals from Atwater, Silver Lake, Los Feliz, and all of NELA. As cute residential bungalows, it currently generates great income already. With its versatility and location, the UPSIDE future possibilities are easy to see. Plus, both units are in good condition with charming character intact. Each unit has washer and dryer hook ups. Each unit has a new European-style HVAC unit. Current tenants are stable & low-maintenance. Pro-forma market rents are $6,000/month (residential) or $6,142/month (retail triple-net commercial). A short stroll to nature trails and Dodgers Stadium in Elysian Park also. Tenant occupied (1558 unit may be delivered vacant) - shown to pre-qualified buyers only. Sold as-is. Welcome to Echo Park!

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAC2

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Exterior

Garage None

View Y/N No

View None

Building

Architectural Style Craftsman

New Construction No

Others

Senior Community No

Tax ID 5419014002

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jerry Hsieh • Keller Williams Realty Los Feliz
Bought with Helen B. Kim • Mokins Realty, Inc.

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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