$ 1,061,000 $ 1,050,000 1.0%

1556 Morton AVE

Los Angeles, CA 90026

  • 2 Beds
  • 2 Baths
  • 1,426 SqFt
  • 3,166 Lot Size
  • - Year Built
*LEFT UNIT WILL BE DELIVERED VACANT!!* RARE FIRST TIME ON MARKET IN 80 YEARS! IT'S AN OPPORTUNITY MARKET, AND THIS IS THE CAN'T MISS OPPORTUNITY YOU'VE WAITED FOR. BIG UPSIDE, WITH MULTIPLE POSSIBILITIES. SUPER-RARE COMMERCIALLY ZONED DUPLEX ON AN EXCELLENT "PRIME A" Triangular Corner location that is as trendy and popular as it gets. This versatile LAC2-zoned property can continue as residential or be re-purposed in as a Triple-net Retail space at pro-forma $6,142/month (think BROOME STREET GENERAL STORE in Silver Lake). The lots C-2 zoning allows new construction max 2-Story, 35 feet tall (~4,000 sq. ft. interior) new build. Next to Canyon Coffee, Cookbook LA Grocery, Des Pair Books, and Glowing Plant-Based Eatery. This block of Echo Park blvd is completely redeveloped, with many well-known architects and development projects since 2015. For both living and lifestyle - this junction attracts locals from Atwater, Silver Lake, Los Feliz, and all of NELA. As cute residential bungalows, it currently generates great income already. With its versatility and location, the UPSIDE future possibilities are easy to see. Plus, both units are in good condition with charming character intact. Each unit has washer and dryer hook ups. Each unit has a new European-style HVAC unit. Current tenants are stable & low-maintenance. Pro-forma market rents are $6,000/month (residential) or $6,142/month (retail triple-net commercial). A short stroll to nature trails and Dodgers Stadium in Elysian Park also. Tenant occupied (1558 unit may be delivered vacant) - shown to pre-qualified buyers only. Sold as-is. Welcome to Echo Park!
Listed by Keller Williams Realty Los Feliz , Sold By Mokins Realty, Inc.

PROPERTY DETAIL

  • Key Details

    Sold Price $1,061,000

    Property Type Single Family Home

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 1, 426 sqft

    Price per Sqft $744

    MLS Listing ID 23238227

    Sold Date 06/28/23

    Bedrooms 2

    HOA Y/N No

    Lot Size 3,166 Sqft

  • Location

    State CA

    County Los Angeles

    Area C21 - Silver Lake - Echo Park

    Zoning LAC2

  • Building

    Architectural Style Craftsman

    New Construction No

  • Interior

    Heating Wall Furnace

    Fireplaces Type None

    Fireplace No

  • Exterior

    Parking Features None

    View Y/N No

    View None

  • Others

    Senior Community No

    Tax ID 5419014002

    Special Listing Condition Standard

SIMILAR HOMES FOR SALE

Check for similar Single Family Homes at price around $1,061,000 in Los Angeles,CA

CONTACT

Jerry And Rachel Team Hsieh
Jerry And Rachel Team Hsieh

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message