2620 Idell St

Los Angeles, CA 90065

$975,000

For Sale
  • 2,208 sq ft

Local Information

About this home

Lyon Stahl is pleased to present 2620 Idell Street, a value-add, 4-unit investment located in an Opportunity Zone within the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California, and the Westside of Los Angeles. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the m

Home Highlights

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$138
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9 months ago

Home Details for 2620, Idell St

Interior Features

Interior Features

  • Laundry: Common Area

Appliances & Utilities

  • Utilities: Other Water/Sewer

Exterior Features

Parking & Garage

  • Garage: No Garage

Pool & Views

  • Private Pool: No Private Pool

Water & Sewer

  • Water Source: Public

Property Information

Property Information

  • Lot Size (sq ft): 7,080

Property Type & Style

  • Type: Residential Income
  • Subtype: Quadruplex

Year Built

  • Year: 1917

Location

  • Directions: Located off of Idell and W Avenue 26

Listing Attribution

  • Agent Name: Lorraine Tan
  • Brokerage: Lyon Stahl Investment Real Estate, Inc.
  • Contact: 909-618-2352
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