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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Nico Rosmarin 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1917
MLS Number
SB26026279
Additional Details
Building
Built in 1917, 2 buildings, 2 stories, Entry level: 1, Entry location: Front
Community
Urban
Expenses
Operating: $18,585
Garage
4 spaces
Income
Gross Income: $29,280, Gross ScheduledIncome: $29,280, Net Operating Income: $10,695
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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