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1192 Innes Avenue

Los Angeles, CA 90026
  • $1,699,000
  • STATUS: Active Under Contract
  • ON SITE: 38 days
  • ID#: SR21090388
Under Contract
UPDATED: 53 min ago
$1,699,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,828
    SQFT
  • $929
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

ATTENTION!!! Great Investment/Development Opportunity. Excellent location North of Sunset Blvd!!! GREAT INCOME, yet still more upside in rents. Keep as INVESTMENT or DEVELOP!!! SF larger than shown on Title. Can build up to 9 units (per seller, check with city for great Tier 2 incentives) Absolutely PRIME LOCATION of Echo Park, with gorgeous views of Hollywood, Hollywood sign, and surroundings. Very quiet and serene - feels like living in nature. 4 Units in 2 buildings - Front building (2) 1+1 with private yard & 4 parking spaces. Back building (1) 1+1, (1) 3+2 + rooftop & 4 parking spaces. Entrance to the back building is through a newer electric gate which makes it very secluded! Behind the gate you'll find a beautiful yard and building. 3 units are REMODELED. Conveniently located minutes from 101 and 5 Freeways, Disney Concert Hall, Civic Center, , Dodger Stadium, Echo Park lake, and downtown LA, which also means plenty of options for entertainments, restaurants, shopping and other activities. Drive by only. Please don't disturb tenants

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Based on information from CRISNet MLS as of 2021-06-18T12:55:58.547. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-06-18T12:55:58.547. 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.
www.corrieluxuryhomes.com/homes/116974016
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1192 Innes Avenue Los Angeles, CA 90026

  • Price: $1,699,000
  • Status: Active Under Contract
  • Updated: 53 min ago
  • ID#: SR21090388
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1,828
SQFT
$929
$/SQFT
1948
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
ATTENTION!!! Great Investment/Development Opportunity. Excellent location North of Sunset Blvd!!! GREAT INCOME, yet still more upside in rents. Keep as INVESTMENT or DEVELOP!!! SF larger than shown on Title. Can build up to 9 units (per seller, check with city for great Tier 2 incentives) Absolutely PRIME LOCATION of Echo Park, with gorgeous views of Hollywood, Hollywood sign, and surroundings. Very quiet and serene - feels like living in nature. 4 Units in 2 buildings - Front building (2) 1+1 with private yard & 4 parking spaces. Back building (1) 1+1, (1) 3+2 + rooftop & 4 parking spaces. Entrance to the back building is through a newer electric gate which makes it very secluded! Behind the gate you'll find a beautiful yard and building. 3 units are REMODELED. Conveniently located minutes from 101 and 5 Freeways, Disney Concert Hall, Civic Center, , Dodger Stadium, Echo Park lake, and downtown LA, which also means plenty of options for entertainments, restaurants, shopping and other activities. Drive by only. Please don't disturb tenants
Exterior Features

Levels Two Lot Features SecludedUp Slope From Street Lot Size Area 7686.0000 Parking Total 8.00 Uncovered Spaces 8.00

Interior Features

Common Walls 2+ Common Walls Laundry Features Common AreaInside Laundry YN Yes

Property Features

Additional Parcels YN No Community Features LakePark Electric Expense 0.00 Fuel Expense 0.00 Gardener Expense 960.00 Gross Income 111600.00 Gross Scheduled Income 111600.00 Insurance Expense 1400.00 Land Lease YN No Maintenance Expense 2400.00 Net Operating Income 82303.00 New Construction YN No New Taxes Expense 21237.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 29297.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 29297.00 Trash Expense 0.00 Water Sewer Expense 3300.00 Water Source Public Zoning Lar3

Listing provided courtesy of Tsippi Wilson, CA DRE# , of Dilbeck Real Estate.


Based on information from CRISNet MLS as of 2021-06-18T12:55:58.547. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-06-18T12:55:58.547. 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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