CA > Los Angeles
Los Angeles, CA 90026,1242 Lilac Place
Los Angeles, CA 90026,1242 Lilac Place
Los Angeles, CA 90026,1242 Lilac Place
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$970,000
Est. payment /mo
4,604 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,604 sqft

Price per Sqft $210

MLS Listing ID CL25582025

HOA Y/N No

Year Built 1921

Lot Size 5,548 Sqft

Acres 0.13

Property Sub-Type Other

Property Description

We are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles. 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 a 5,548 square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential Permits are "RTI" Status. 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. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. The property is being sold as part of a two-building portfolio, including a five unit (1259 Vin Scully) directly adjacent, which is available individually or any combination as a portfolio purchase.

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5406012029

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sean Rosenzweig • Marcus & Millichap
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+1(925) 383-9200

smiles4dee@gmail.com

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