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Image 1 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 2 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 3 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 4 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 5 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 6 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Image 7 - Vin Scully Avenue, Los Angeles, CA 90090, USA - House for sale
Home For Sale In Los Angeles, California
Vin Scully Avenue, Los Angeles, CA 90090, USA

Home For Sale In Los Angeles, California

house for sale
Listed: 05/11/24

Vin Scully Avenue, Los Angeles, CA 90090, USA

2 Bed:
7 Bath:
4,604 Sq Ft Living Area:
Save
Price
$ 1,05M

About This House

We are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods for renters in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a5, 548square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential. The property's desirable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1242 Lilac an excellent acquisition opportunity for investors.

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Echo Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.