2620 Idell St, Los Angeles, CA 90065 - Berkshire Hathaway HomeServices California Properties
2620 Idell St Los Angeles, CA 90065
$915,000 0 beds, 0 baths
0 sqft

Agent Remarks

2620 Idell Street is a value-add, 4-unit investment located in an Opportunity Zone within 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. Zoned LARD1.5 and located within a TOC Tier 3 zone, the large lot is underutilized and presents an opportunity to add additional units in the rear of the property. This property 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. 2620 Idell Street offers an amazing opportunity for an astute investor or owner-user to implement a value-add program to capture the rental upside. Additionally, being within an Opportunity Zone and a TOC Tier 3 zone of Los Angeles, 2620 Idell Street offers an investor the ability to build additional units and take advantage of the Opportunity Zone tax advantages and TOC density bonuses. Located in one of the most up-and-coming neighborhoods of Los Angeles with incredibly low inventory available, 2620 Idell Street is positioned well to capture the long-term appreciation and transformation that is underway in the neighborhood.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# SB24191224
List price is $915,000 Reduced by $60,000 on 11/25/2024
Beds: 0
Baths: 0
Built in 1917
0.16 acres
Lot size: 0.1625
County: Los Angeles
Lot description: Landscaped
MLS area: CYPK - Cypress Park

Last Updated: 3/5/2025

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This listing belongs to the CYPK - Cypress Park MLS area

Lat/Long: 34.087235, -118.223274.
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Listing Agent: Lorraine Tan
Co Listing Agent: Nico Rosmarin
Lic#: 01234982
Office Name: Mission Viejo

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