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Property Description

The CREM Group has been selected to exclusively market for sale 1922 Santa Ynez Street, situated just east of Alvarado Street in prime Echo Park. The offering consists of a well maintained three unit building with an attractive mix of two 3+1’s and one 2+1, totaling 2,253 square feet. 1922 Santa Ynez Street is situated on a 6,500 square foot lot zoned RD2. The building itself is set back towards the rear of the parcel with a large parking lot in the front, creating an opportunity for the construction of one or two accessory dwelling units (previously, setbacks were reduced to four-foot side and rear yards, however, now if a proposed ADU is less than 800 sq. ft., the front setback requirement can no longer prevent an ADU from being constructed). Buyer to conduct its own investigation to verify ADU feasibility. Situated just two blocks south of Sunset Boulevard, the subject property is abshort distance to some of the neighborhoods most popular restaurants and bars, including Cosa Buona, Honey Hi, Masa, Mohawk Bend, and many more. Echo Park is a vibrant neighborhood highly sought after by young professionals and families. The area’s desirability has resulted in steady rent growth and an increase in average home prices, indicating a strong potential for sustained local development and appreciation.

Features
: Wall Furnace
: Wall/window Unit(s)
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Additional Information
The CREM Group
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CLW-C123197
CLW-X81875
Mark
5404007002
: Standard
Two
32

Multi-Family For Sale

1922 Santa Ynez Street, Los Angeles, California 90026

2,253 Sqft
$1,125,000
Listing ID #24390261
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24390261
Price : $1,125,000
Living Area : 2,253 Sqft
Lot Size : 6,500 Sqft
Year Built : 1905
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90026
Price Per Square Foot : $499
ModificationTimestamp : 2024-05-17 05:19:33
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