Property Details
About this Property
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 neighborhoo
MLS Listing Information
MLS #
CRSB24191224
MLS Source
California Regional MLS
Days on Site
66
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
Listing Agent
Lorraine Tan
Lyon Stahl Investment Real Estate, Inc.
License #: 01971639
Phone: (909) 618-2352
Co-Listing Agent
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
License #: 02023847
Phone: (310) 425-9838
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2620 Idell St is a Residential Income in Los Angeles, CA 90065. This – square foot property sits on a 7,080 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $975,000 and was built in 1917. This address can also be written as 2620 Idell St, Los Angeles, CA 90065.
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This listing information is up-to-date as of September 17, 2024. For the most current information, please contact Lorraine Tan, (909) 618-2352
