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1556 Morton Ave, Los Angeles, CA 90026
$1,061,000
1556 Morton Ave, Los Angeles, CA 90026View this property at 1556 Morton Ave, Los Angeles, CA 90026
1556 Morton AveLos AngelesCA90026
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Property Description
*LEFT UNIT WILL BE DELIVERED VACANT!!* RARE FIRST TIME ON MARKET IN 80 YEARS! IT'S AN OPPORTUNITY MARKET, AND THIS IS THE CAN'T MISS OPPORTUNITY YOU'VE WAITED FOR. BIG UPSIDE, WITH MULTIPLE POSSIBILITIES. 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. Next to Canyon Coffee, Cookbook LA Grocery, Des Pair Books, and Glowing Plant-Based Eatery. This block of Echo Park blvd is completely redeveloped, with many well-known architects and development 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 great income already. 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 & low-maintenance. Pro-forma market rents are $6,000/month (residential) or $6,142/month (retail triple-net commercial). A short stroll to nature trails and Dodgers Stadium in Elysian Park also. Tenant occupied (1558 unit may be delivered vacant) - shown to pre-qualified buyers only. Sold as-is. Welcome to Echo Park!
Full Property Details
Full Property Details for 1556 Morton Ave
General
- Sold For: $1,061,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-238227
- Added to Site: 501 day(s) ago
Interior
- Flooring: Mixed
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Silver Lake - Echo Park
- County: Los Angeles
- Driving Directions: In Echo Park, on the corner of Echo Park Avenue and Morton Avenue.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Architectural Style: Craftsman
- Stories/Levels: 0
- Square Feet: 1,426
- Sq. Ft. Source: Vendor Enhanced
Unit Information
- Units in Complex: 2
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.0727
- Lot Size: 3165
- Lot Size Source: Vendor Enhanced
- Zoning: LAC2
- Lot Description: 2-4 Lots
Financial Considerations
- Price Per Sq. Ft.: $736.33
Disclosures and Reports
- Disclosures/Reports: As Is, Trust/Conservatorship
- APN: 5419-014-002
Listed by Keller Williams Realty Los Feliz, Jerry Hsieh
Sold by Mokins Realty, Inc., Helen B. Kim
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Schools
Schools serving 1556 Morton Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1711 Montana St, Los Angeles, CA 90026 | K-8 | 0.2 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1556 Morton Ave
Date
Details
Price
Change
Source
6/28/2023
Sold
$1,061,000
1.05%
MLS
2/02/2023
Listed
$1,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1556 Morton Ave, Los Angeles, CA 90026 (MLS# 23-238227) is a Multi-Family property that was sold at $1,061,000 on June 28, 2023. Want to learn more about 1556 Morton Ave? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.