Active

1244 Innes Avenue

Los Angeles CA, 90026

$4,500,000


$507.67 per sqft

Active

8,864 sqft

Condo

Built in 2024

Listed by Alan Lu with ALTC Realty 626-378-8007

Presenting an amazing opportunity to purchase a turn key coliving or short term rental property featuring twenty seven bedrooms in the highly desirable area of Echo Park. This new construction project consists of a brand new four unit apartment building with five bedrooms and three and a half baths each in addition to a completely remodeled unit in the rear that has its own seven bedrooms. A semi below grade garage level also offers ample storage and the option for additional income from parking. Designed with efficiency and comfort in mind, each unit maximizes space and livability while also taking into account operator logistics such as cleaning closets, IT, and ample storage. Tenants will enjoy floor to ceiling windows, plenty of natural light, and modern curated finishes. Half of the units have access to a common area roof deck with sweeping views from DTLA to Hollywood, and amenities abound nearby. Dodgers Stadium is within walking distance, and coffee shops as well as the most popular restaurants are all within reach. Situated right in the midst of this thriving locale with an exceptionally strong rental market, do not miss this chance to purchase a turnkey building ready to generate income on day one.

AR23225195

MLS ID

December 19, 2023

Listed

May 9, 2024

Updated

Map

1244 Innes Avenue
Los Angeles CA, 90026

Interior Features

Total Stories

3


Interior Features

High Ceilings, Open Floorplan


Appliances

Gas Range, Dryer, Washer


Floor Description

Laminate


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.23 Acres


Lot Features

0-1 Unit/Acre


Sewer

Public Sewer

Other Property Details

Area Name

C21 - Silver Lake - Echo Park


Days on Market

13


Garage

Yes


Garage Spaces

10


Parking

Garage


Parking Total

10


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3


Buyer Agency Compensation

2.5%

Listing Contact: 626-378-8007 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/9/2024 at 12:16 PM UTC

 

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