Description

We are pleased to present 2622 Idell Street, a value-add, 4-unit investment opportunity located in the Cypress Park neighborhood of Los Angeles. Situated on an oversized 7,080 SF lot, 2620 Idell Street is a 2,208 SF apartment building comprised of four one-bedroom/one-bathroom units with below market rents. The large lot is underutilized and presents an opportunity to add square footage by building ADU’s in the rear of the property. 2622 Idell Street is ideally located near the entrance to both the 110 Freeway and the 5 Freeway, giving tenants quick access to all Greater Los Angeles. The central location in Cypress Park allows tenants to easily enjoy many of the main attractions of Los Angeles such as Dodger Stadium, Downtown Los Angeles, Echo Park, the University of Southern California and the Westside of Los Angeles. 2622 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside along with the possibility of building ADU’s in the rear of the lot to fully maximize the density and potential of the property. Located in one of the most up and coming neighborhoods of Los Angeles with incredibly low inventory available, 2622 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.