1488 W SUNSET, Los Angeles, California
1488 W SUNSET, Los Angeles, California 90026 - Once in a lifetime opportunity to acquire 19,388 square feet of LAC2 land in the hippest part of LA, Echo Park. The property includes 3 adjacent parcels with a single family residence and 5 unit income property bringing a total income combined of $9,438 per month as well as a vacant lot with plans approved for 5 condos. 150 feet of frontage on Sunset Blvd. Recent sale across the street? Brickworks for $9.5M, slated for 15,000 square feet of retail space featuring a trendy food-court-style collection of eateries. Newer rentals in the area? Achieving over $3.50 per foot. Additional benefit of backing up to an alley for accessibility. A burgeoning area with proximity to downtown and local hotspots with incredible possibilities.
Listing Courtesy of Keller Williams Realty Los Fel