Skip To Content

3309 Ellsworth Street

Los Angeles (City), CA 90026
  • $3,999,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: SB22168029
UPDATED: 22 min ago
$3,999,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Kikuo Takahashi of Kasumi Realty, Inc. (310-532-7777)


Description

* Lot size 9,920 sf.* Attention DEVELOPERS/INVESTORS! Location SILVER LAKE! Potential, Potential! Extraordinary opportunity for development or investment! * Prime location, corner lot, six-unit income property with possible development in quiet, residential Silver Lake neighborhood. First time on market in over 30 years. Silver Lake is a most sought after, up trending and upscale area, conveniently located near dining/entertainment, parks/recreation, DTLA and Hollywood.* Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to a developer in the future. * DEVELOPERS: Potential Small Lot Development, similar to recent, nearby developments on Hyperion Ave. and Lucile Ave. Check with city as to the viability and possibility of Small Lot Development. As a possible development opportunity, buyer must verify ability to build to their own satisfaction. This corner lot location in a quiet residential neighborhood features relaxed traffic flow and uncongested street parking, creating a comfortable and desirable living environment. * INVESTORS: This current six-unit income property has well below market rents, presenting significant upside rent potential. Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to developer at a future time. * Property is on the Northwest corner of Ellsworth St. & Robinson St. Property consists of two separate buildings on one corner lot. Lot size 9,920 sf.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131448488
Print Image

3309 Ellsworth Street Los Angeles (City), CA 90026

  • Price: $3,999,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 22 min ago
  • ID#: SB22168029
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1929
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
* Lot size 9,920 sf.* Attention DEVELOPERS/INVESTORS! Location SILVER LAKE! Potential, Potential! Extraordinary opportunity for development or investment! * Prime location, corner lot, six-unit income property with possible development in quiet, residential Silver Lake neighborhood. First time on market in over 30 years. Silver Lake is a most sought after, up trending and upscale area, conveniently located near dining/entertainment, parks/recreation, DTLA and Hollywood.* Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to a developer in the future. * DEVELOPERS: Potential Small Lot Development, similar to recent, nearby developments on Hyperion Ave. and Lucile Ave. Check with city as to the viability and possibility of Small Lot Development. As a possible development opportunity, buyer must verify ability to build to their own satisfaction. This corner lot location in a quiet residential neighborhood features relaxed traffic flow and uncongested street parking, creating a comfortable and desirable living environment. * INVESTORS: This current six-unit income property has well below market rents, presenting significant upside rent potential. Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to developer at a future time. * Property is on the Northwest corner of Ellsworth St. & Robinson St. Property consists of two separate buildings on one corner lot. Lot size 9,920 sf.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Contingency 1This Property is Located in City Of L.A. 2This Property Zoning is Lard2. 3Property Showing is "Subject To An Accepted Offer". 4Property is Sold "As is" With No CreditsRepairsReplacements & Warranties To Be Provided By Sellers. 5Lot Size 9920 SqftBuyer To Verify. Garage YN No Gross Income 82500.2 Gross Scheduled Income 82500 Insurance Expense 3600 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash To New LoanConventional Net Operating Income 46589.48 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 35910.7 Other Expense 26310 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2400 Water Sewer Expense 0 Water Source Public Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369486378-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369486378-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369486378-1.jpg
Logo
Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Kikuo Takahashi of Kasumi Realty, Inc. (310-532-7777)