1556 Morton Avenue, Los Angeles 90026
Upside Opportunity for Commercially Zoned Duplex in Prime Echo Park!
$1,050,000
1,426 Sq.Ft.
3,165 Sq.Ft. LOT

**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 the future (think BROOME STREET GENERAL STORE in Silver Lake…) 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.

As cute residential bungalows, it currently generates $4000 a month ($2k each unit). 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. Pro-forma market rents are $5k/month. 

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!

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Area & Lot

Status
For Sale
Living Space
1,426 Sq.Ft.
Total Area
1,426 Sq.Ft.
Lot Size
3,165 Sq.Ft.
Type
MULTI_FAMILY, COMMERCIAL
Neighborhood
Silver Lake

Financial

Sales Price
$1,050,000

Silver Lake

Silver Lake, known as one of “the city’s hippest neighborhoods”, has many bars, nightclubs and restaurants.

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