34.074203 -118.250626

1303 N Lilac Los Angeles, CA 90026

300937195 34.074203 -118.250626 124 /listing/300937195-150073587/1303-n-lilac-los-angeles-ca-90026 False 0 4200000.0 105 PF21174154 False
  • $4,200,000
  • 0.50 lot
  • Est payment $22546.51/mo

Property & Neighborhood Info

Courtesy Of Stephen Biskup, DRE#01854478, Sotheby's International Realty

Multi-Family in Los Angeles

A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park/Silver Lake vicinity of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & DTLA. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 6,000 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the reinforcement of the bungalows. All units are separately metered for gas & electricity and paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. Property is offered at a current 4.87% CAP rate with room to grow the rents as they are month to month leases. At a current 17.72 GRM don’t miss this opportunity!

Courtesy Of Stephen Biskup, DRE#01854478, Sotheby's International Realty
  1. 0.50 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1923
  • Garage: 3.0
  • Floors: 1
  • County: Los Angeles
  • Units: 10
  • Zoning: LARD1.5
  • MLS Number:PF21174154

Additional Features

  • Cooling:
    • WallWindowUnits
  • Flooring:
    • Wood
  • Laundry:
    • Inside
    • SeeRemarks
    • WasherHookup
  • Appliances:
    • GasRange
    • Refrigerator
    • Washer
    • WaterHeater
  • Building Square Feet:
    • 5975
  • Common Walls:
    • NoCommonWalls
  • Garage:
    • Y
  • Levels:
    • One
  • New Construction:
    • N
  • Year Built Source:
    • Assessor
  • Lot Description:
    • Item610UnitsAcre
  • Pool:
    • None
  • Heating:
    • WallFurnace
  • Sewer:
    • PublicSewer
  • Community Features:
    • Biking
    • Foothills
    • Hiking
    • Park
    • Sidewalks
    • StreetLights
    • Urban
  • Number of Buildings:
    • 10
  • Water:
    • Public
  • Gross Income:
    • 236072
    • 237072
  • Net Operating Income:
    • 204672
  • Terms:
    • Cash
    • CashtoExistingLoan
    • CashtoNewLoan
    • Conventional
  • CDOM:
    • 31
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Annual Trash Expense:
    • 500
  • Cap Rate:
    • 4.87
  • DOM:
    • 31
  • Electric Exp:
    • 0
  • Fuel Exp:
    • 0
  • Gross Scheduled Income:
    • 237072
  • Insurance Expense:
    • 3000
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 535515541
  • Operating Expense:
    • 32400
  • Parcel Number:
    • 5406011022
  • Public Document Count:
    • 1
  • Water Sewer Exp:
    • 2500
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Geoff Hamill
Geoff Hamill
500 W. FOOTHILL BLVD. CLAREMONT CA 91711
Let us help you!
34.074203 -118.250626

1303 N Lilac Los Angeles, CA 90026

300937195 34.074203 -118.250626 124 /listing/300937195-150073587/1303-n-lilac-los-angeles-ca-90026 False 0 4200000.0 105 PF21174154 False
  • $4,200,000
  • 0.50 lot
  • Est payment $22546.51/mo