Shovel Ready. Investor's dream! 120-122 N Westlake Ave. 4 Units RTI Issued and Ready plus ADU (plans/RTI) in Silver Lake – Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,4M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.2M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and Plans will be sent upon request.
Sold for $1,325,000
Zillow last checked:
Listing updated:
Bought with:
Chris Limon, DRE #01182471
Century 21 A Better Service
Source: CRMLS,MLS#: SR23094159
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 10/31/2023 | Sold | $1,325,000-5.4% |
Source:  CRMLS #SR23094159 Report a problem | ||
| 9/27/2023 | Contingent | $1,400,000 |
Source: CRMLS #SR23094159 Report a problem | ||
| 5/31/2023 | Listed for sale | $1,400,000 |
Source: CRMLS #SR23094159 Report a problem | ||
