Homes for sale - 1303 Lilac TER, Los Angeles, CA 90026

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Stephen Biskup • Sotheby's International Realty

$4,300,000

Est. payment - /mo

0.5 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPF26016505

Year Built 1923

Lot Size 0.499 Acres

Source California Regional MLS

Property Description

A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Don't miss this opportunity!

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Laundry In Laundry Room

Exterior

Garage Spaces 3.0

Pool None

Building

Water District - Public

Others

Tax ID 5406011022

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Nearby School & Business

SCHOOLS PROPERTIES

Elementary Schools 20

10

Ivanhoe Elementary

Public | KG - 5
9

Equitas Academy Charter

Public | KG - 5
9

Gabriella Charter

Public | KG - 8
9

Solano Avenue Elementary School

Public | KG - 6
9

Kipp los Angeles College Preparatory

Public | 5 - 8
8

Los Feliz STEMM Magnet School

Public | KG - 6
8

Hoover Street Elementary

Public | KG - 5
8

Franklin Avenue Elementary

Public | KG - 5
8

Clifford Street Math & Technology Magent

Public | KG - 6
8

Allesandro Elementary School

Public | PK - 5
8

Puc Milagro Charter

Public | KG - 5
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
7

Equitas Academy Charter #2

Public | 5 - 8
7

Celerity Octavia Charter

Public | KG - 8
7

Dorris Place Elementary

Public | KG - 6
7

Mt. Washington Elementary School

Public | KG - 6
6

Downtown Value

Public | KG - 8
6

Micheltorena Elementary

Public | KG - 5
6

Betty Plasencia Elementary

Public | KG - 5
5

Frank Del Olmo Elementary School

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
6

New Designs Charter

Public | 6 - 12
6

Irving STEAM Magnet

Public | 6 - 8
6

Hollenbeck Middle School

Public | 6 - 8
5

Puc Santa Rosa Charter Academy

Public | 6 - 8
5

Florence Nightingale Middle School

Public | 6 - 8
5

Los Angeles Leadership Academy

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

Puc Excel Charter Academy

Public | 6 - 8
3

Studio

Public | 6 - 8
3

Alliance College-Ready Middle Academy No. 5

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Berendo Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8
1

John Liechty Middle School

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
9

Downtown Business High School

Public | 9 - 12
8

John Marshall High School

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
8

Alliance Environmental Science and Technology High School

Public | 9 - 12
8

Math, Science, & Technology Magnet Academy at Roosevelt High School

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
7

Ramon C. Cortines School of Visual and Performing

Public | 9 - 12
7

PUC Early College Academy for Leaders & Scholars (ECALS)

Public | 9 - 12
6

Usc Hybrid High School

Public | 9 - 12
6

Alliance Susan and Eric Smidt Technology High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
5

Camino Nuevo Charter High School

Public | 9 - 12
5

Roybal Learning Center

Public | 9 - 12
5

Alliance Tennenbaum Family Technology High School

Public | 9 - 12
5

Boyle Heights STEM High School

Public | 9 - 12
4

Santee Education Complex

Public | 9 - 12
4

Miguel Contreras Learning Complex - School of Business & Tourism

Public | 9 - 12

School and business data provided by Attom Data.

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1303 Lilac TER Los Angeles, CA 90026

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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