Los Angeles, CA 90065,2620 Idell St
Los Angeles, CA 90065,2620 Idell St
Los Angeles, CA 90065,2620 Idell St
4
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$915,000
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7,078 Sqft Lot
Active Under Contract

2620 Idell St Los Angeles, CA 90065

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Kimber Wuerfel

Kimber Wuerfel

+1(714) 812-9155

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB24191224

HOA Y/N No

Year Built 1917

Lot Size 7,078 Sqft

Property Sub-Type Quadruplex

Property Description

2620 Idell Street is a value-add, 4-unit investment located in an Opportunity Zone within 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. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property.
This property 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.
2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 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

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped

Story 2

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 5446012014

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Lorraine Tan Lyon Stahl Investment Real Estate, Inc. 909-618-2352

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Ivanhoe Elementary

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 9

    Delevan Drive Elementary

    Public | KG - 6

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 7

    Celerity Octavia Charter

    Public | KG - 8

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 7

    Arroyo Seco Museum Science

    Public | KG - 8

  • 7

    Latona Elementary School

    Public | PK - 6

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    Yorkdale Elementary

    Public | KG - 5

  • 5

    Union Avenue Elementary

    Public | PK - 5

  • 5

    Camino Nuevo Charter Academy #4

    Public | KG - 8

  • 5

    Atwater Avenue STEAM Elementary School

    Public | KG - 6

  • 5

    Cerritos Elementary School

    Public | PK - 6

  • 5

    Los Feliz Charter School for the Arts

    Public | KG - 6

Middle Schools 16
  • 7

    Eagle Rock Jr. / Sr. High School

    Public | 7 - 12

  • 6

    Irving STEAM Magnet

    Public | 6 - 8

  • 5

    Puc Santa Rosa Charter Academy

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 5

    Los Angeles Leadership Academy

    Public | 6 - 12

  • 5

    Luther Burbank Middle School

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 4

    El Sereno Middle School

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 1

    Sal Castro Middle School

    Public | 6 - 8

  • 0

    Los Angeles Unified Alternative Education

    Public | 7 - 12

  • 0

    Cds Secondary School

    Public | 6 - 12

  • 0

    Pacific Ohana Acdemy

    Private | 6 - 12

  • 0

    Academia Avance Charter

    Public | 6 - 12

  • 0

    Optimist Charter

    Public | 7 - 12

High Schools 20
  • 9

    Downtown Business High School

    Public | 9 - 12

  • 9

    Francisco Bravo Medical Magnet High School

    Public | 9 - 12

  • 8

    Alliance Environmental Science and Technology High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 6

    Lincoln High School

    Public | 9 - 12

  • 6

    Benjamin Franklin High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 5

    Leadership in Entertainment and Media Arts (Lema)

    Public | 9 - 12

  • 5

    Los Angeles International Charter High School

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 4

    Woodrow Wilson High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Kimber Wuerfel

Kimber Wuerfel

Team Leader | License ID: 01314386

+1(714) 812-9155

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2620 Idell St