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2620 Idell Street is 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 most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.
Property Type(s):
Residential Income
| Last Updated | 9/29/2024 | Year Built | 1917 |
|---|---|---|---|
| Community | Cypress Park | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AREA | Cypress Park |
|---|---|
| GARAGE | Yes |
| LOT | 7080 sq ft |
| LOT DESCRIPTION | Landscaped |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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