Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers. This unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers. Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF Both vacant lots on Fairbanks Pl are to be sold together. A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments.
| MLS # | AR26184561 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 7 |
| Listing Provided By | Coldwell Banker Envision | Margaret Sun |
| SQ Feet | 6,546 |
|---|---|
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.24 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Oven |
| Fireplace Yes / No | No |
| Roof | Flat |
|---|---|
| Lot Features | Six To Ten Units Acre |
| Parking Features | Carport |
|---|---|
| Garage Yes / No | Yes |
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
| Community Features | Park |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $1,299,999 low | high Med: $1,699,000 sqft: 6,546 low | high Med: 5,450 $ / sqft: $199 low | high Med: $312 On site: 7 low | high Med: 168 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $1,299,999 low | high Med: $1,699,000 sqft: 6,546 low | high Med: 5,450 $ / sqft: $199 low | high Med: $312 On site: 7 low | high Med: 168 | |