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$ 975,000
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Active
2622 Idell Los Angeles, CA 90065
7,078 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26026279
HOA Y/N No
Year Built 1917
Lot Size 7,078 Sqft
Property Sub-Type Quadruplex
Property Description
We are pleased to present 2622 Idell Street, a value-add, 4-unit investment opportunity located in 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. The large lot is
underutilized and presents an opportunity to add square footage by building ADU's in the rear of the
property.
2622 Idell Street 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.
2622 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a
value-add program to capture the rental upside along with the possibility of building ADU's in the rear of
the lot to fully maximize the density and potential of the property. Located in one of the most up and
coming neighborhoods of Los Angeles with incredibly low inventory available, 2622 Idell Street is
positioned well to capture the long-term appreciation and transformation that is underway in the
neighborhood.
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. The large lot is
underutilized and presents an opportunity to add square footage by building ADU's in the rear of the
property.
2622 Idell Street 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.
2622 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a
value-add program to capture the rental upside along with the possibility of building ADU's in the rear of
the lot to fully maximize the density and potential of the property. Located in one of the most up and
coming neighborhoods of Los Angeles with incredibly low inventory available, 2622 Idell Street is
positioned well to capture the long-term appreciation and transformation that is underway in the
neighborhood.
Location
State CA
County Los Angeles
Area Cypk - Cypress Park
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage, Uncovered
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
View Y/N Yes
View City Lights
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5446012013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Nico Rosmarin Lyon Stahl Investment Real Estate, Inc. 303-819-5225, DRE #02023847