: : www.1556Morton.com : :
Upside Opportunity for Commercially Zoned Duplex in Prime Echo Park!
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For all showings please contact Jerry Hsieh at 424.242.8856 and [email protected]
1556 Morton Avenue Offering Memorandum: Download 8-Page Morton Booklet Here
**FIRST TIME ON THE MARKET IN 80 YEARS** A CAN'T MISS OPPORTUNITY IN THIS OPPORTUNITY-READY MARKET. SUPER-RARE COMMERCIALLY ZONED DUPLEX ON AN EXCELLENT "PRIME A" Triangular Corner location that is as trendy and popular as it gets. This versatile LAC2-zoned property can continue as residential or be re-purposed in as a Triple-net Retail space at pro-forma $6,142/month (think BROOME STREET GENERAL STORE in Silver Lake). The lots C-2 zoning allows new construction max 2-Story, 35 feet tall (~4,000 sq. ft. interior) new build. Future Retail Development Construction is also possible! Situated next to Canyon Coffee, Cookbook LA Grocery, Des Pair Books, and Glowing Plant-Based Eatery. This entire pocket neighborhood and stretch of Echo Park blvd is completely redeveloped, with many well-known architects and developer projects since 2015. For both living and lifestyle - this junction attracts locals from Atwater, Silver Lake, Los Feliz, and all of NELA.
Pro-forma market rents are $6,000/month (residential) or $6,142/month (retail triple-net commercial). With its versatility and location, the UPSIDE future possibilities are easy to see. Plus, both units are in good condition with charming character intact. Each unit has washer and dryer hook ups. Each unit has a new European-style HVAC unit. Current tenants are stable and steady. 1558 Unit can be delivered vacant.
A short stroll to nature trails and Dodgers Stadium in Elysian Park also. Tenant occupied - shown to pre-qualified buyers only. Sold as-is. Welcome to Echo Park!
Silver Lake, known as one of “the city’s hippest neighborhoods”, has many bars, nightclubs and restaurants.
ExploreHelping Angelenos net more on their sale in less time, while providing the most smooth, stress-free transaction.
Find a home with the Jerry & Rachel Hsieh Real Estate Team.