1922 Lake Shore Ave, Los Angeles, CA 90039 - View 1
1922 Lake Shore Ave, Los Angeles, CA 90039 - View 2
1922 Lake Shore Ave, Los Angeles, CA 90039 - View 3

1922 Lake Shore Ave, Los Angeles, CA 90039

Sale Price: $1,225,000
Sep 17, 20242,302 sqft4 beds4 baths
Listed by: Sean Rosenzweig
License #: 01406343
Phone #: 213-943-1897
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24440771

Property Description

DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a three-unit apartment community located at 1922-1924.5 Lake Shore Avenue. The subject property is located east of the Glendale Freeway and north of Sunset Boulevard. The property is located in Elysian Heights, which is typically characterized as being part of Echo Park & near Silver Lake. This submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With rent growth and developments in the area, the location has been catering to families, young professionals and artists alike in recent years. The property is situated on a large 9,999 square foot parcel and is comprised of two one-bedroom units and one two-bedroom unit. There is 27% remaining rental upside that new ownership can capture through interior renovations. Taking into consideration the desirable location and remaining value-add components, 1922-1924.5 Lake Shore Avenue is well suited to provide investors with healthy returns and long-term appreciation potential.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,148

TurboHome Estimated Value

$1,319,100

$573 sqft

High Valuation
$1,385,055
$602/sqft
Normal Valuation
$1,319,100
$573/sqft
Low Valuation
$1,253,145
$544/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$573/sqft$1,319,100

Neighborhood: Echo Park

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Comparative Value

$1.03M

$1.15M

$1.23M

$1.29M

$1.32M

$1.44M

2980 Ripple Pl 201, Los Angeles, CA 90039

Sale Price: $1,030,000

Selected Comparable

2022 Allesandro St 1, Los Angeles, CA 90039

Sale Price: $1,150,000

Selected Comparable

1922 Lake Shore Ave, Los Angeles, CA 90039

Sale Price: $1,225,000

Selected Comparable

1922 Lake Shore Ave, Los Angeles, CA 90039

List Price: $1,295,000

Subject Property

1878 Lucretia Ave, Los Angeles, CA 90026

Sale Price: $1,320,000

Selected Comparable

2224 Riverdale Ave, Los Angeles, CA 90031

Sale Price: $1,435,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1922 Lake Shore Ave, Los Angeles, CA 90039

1922 Lake Shore Ave, Los Angeles, CA 90039

List: $1,295,000

Listed: 9/17/2024

Area:2,302 sqft
Price/sqft:$563
Beds:4
Baths:4
Year Built:
Lot Size:9,998.168

Comparable Properties

COMPARABLE
Choose comps
1922 Lake Shore Ave, Los Angeles, CA 90039

1922 Lake Shore Ave, Los Angeles, CA 90039

Sale: $1,225,000

5/21/20250.00 mi

Area:2,302 sqft
Price/sqft:$532
Beds:4
Baths:4
Year Built:
Weight:26.5%
2224 Riverdale Ave, Los Angeles, CA 90031

2224 Riverdale Ave, Los Angeles, CA 90031

Sale: $1,435,000

5/16/20251.07 mi

Area:1,875 sqft
Price/sqft:$765
Beds:4
Baths:4
Year Built:
Weight:20.9%
1878 Lucretia Ave, Los Angeles, CA 90026

1878 Lucretia Ave, Los Angeles, CA 90026

Sale: $1,320,000

6/9/20250.35 mi

Area:2,760 sqft
Price/sqft:$478
Beds:3
Baths:4
Year Built:
Weight:18.2%
2022 Allesandro St 1, Los Angeles, CA 90039

2022 Allesandro St 1, Los Angeles, CA 90039

Sale: $1,150,000

3/24/20250.27 mi

Area:2,239 sqft
Price/sqft:$514
Beds:3
Baths:3
Year Built:
Weight:17.7%
2980 Ripple Pl 201, Los Angeles, CA 90039

2980 Ripple Pl 201, Los Angeles, CA 90039

Sale: $1,030,000

9/4/20241.35 mi

Area:1,990 sqft
Price/sqft:$518
Beds:4
Baths:3
Year Built:
Weight:16.7%

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