Property Description
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 neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.
Features
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Address Map
U.S.
California
Los Angeles
Los Angeles
90065
2620 Idell St
0
W119° 46' 36.2''
N34° 5' 14''
MLS Addon
$0
2,208 Sqft
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Located off of Idell and W Avenue 26
4
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2
SBROSMNIC

Residential Income For Sale Los Angeles

2620 Idell St, Los Angeles, Los Angeles, California, 90065

7,080 Acre
Visits : 4 in 22 days
$975,000
Listing ID #SB24191224
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SB24191224
Price : $975,000
Year Built : 1917
Lot Area : 7,080 Acre
Status : Active
Property Sub Type : Quadruplex
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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