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2521 Sichel St
Los Angeles, CA 90031
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Value add opportunity in emerging Lincoln Heights neighborhood - over 62% potential upside in rents
- Excellent unit mix: (2) 1 bed/1 bath, (2) 2 bed/2 bath and (1) 3 bed/1 bath units
- Popular rental location for young professionals working in Downtown Los Angeles
- Potential for new development in Opportunity Zone - 8,904 sf lot/LARD2 zoned
- Walk Score 91: close proximity to trendy art galleries, bars, restaurants and cafes. Walking distance to Lincoln/Cypress Metro Goldline Station
- Conveniently located near 110 and 5 freeways
Property Facts
| No. Units | 5 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 4,454 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1962 |
| Zoning | RD2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,454 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | RD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
Property Taxes
| Parcel Number | 5204-014-003 | Improvements Assessment | $284,454 |
| Land Assessment | $654,249 | Total Assessment | $938,703 |
Property Taxes
Parcel Number
5204-014-003
Land Assessment
$654,249
Improvements Assessment
$284,454
Total Assessment
$938,703
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