1622 Morton Ave, Los Angeles, CA 90026 Studio 1 bath
Area
30
Sq Feet
300
Rooms
1
Description
We are pleased to offer 1622 Morton Avenue, a prime redevelopment opportunity in the highly sought-after Echo Park submarket of Los Angeles. The subject property features an approximately 28,930 square foot R2 zoned lot with a total of seven structures totaling approximately 3,436 square feet. The apartment units are comprised of one (1) Three Bed 2 Bath Unit, four (4) One Bed One Bath Units, and One (1) Single. All tenants are currently on month-to-month leases. The current ownership has obtained a Tentative Tract Map allowing for the development of ten (10) 3 Bed & 2 Bath detached townhomes, each measuring approximately 840 square feet. These plans can be made available to the buyer for review and consideration. An investor could have the opportunity to continue collecting rent from the existing apartment tenants, approximately $3,205 per month, while proceeding with redevelopment plans for the lot. 
 
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(310) 551-0660
$3,500,000
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