Property listed by Coldwell Banker Envision, Margaret Sun 626-616-2380
$1,299,999
Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers.
This… Read More unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers.
Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF
Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF
Both vacant lots on Fairbanks Pl are to be sold together.
A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments. Read Less
Listing Snapshot
Days Online
59
Last Updated
Property Type
MixedUse
Lot Size
0.24 Acres
Year Built
1923
MLS Number
AR26184561
Additional Details
Appliances & Equipment
GasOven
Building
Built in 1923, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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