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1568 Murray Circle

Los Angeles (City), CA 90026
  • $1,950,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 22203573
UPDATED: 87 min ago
$1,950,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Max Berger of Compass (310-230-5478) and Joe Reichling of Compass(323-593-6999)


Description

1568 Murray Circle is a Silver Lake development opportunity featuring a gutted Spanish-style duplex on an oversized 9,000+ SF corner lot. Located north of Sunset Boulevard and 0.7 miles from Sunset Junction, the subject property is in the heart of a trendy and vibrant community that offers residents a walkable commute to a wide array of beloved hotspots along Sunset Boulevard. Current improvements of this development opportunity include a gutted Spanish-style duplex comprised of (2) 2-bdrm. units (approx. 1,500+ SF each) that feature storybook balconies on a 9,000+ SF corner lot. Based on renovated units in the area, we believe a future investor could achieve approx. $4,900 per unit and generate $9,800 in gross monthly income. Additionally, the lot features a wide array of cactus species, observation decks with views and a freestanding two-car garage. 1568 Murray Circle offers investors a blank slate to develop an income property with great architectural features that is located in the heart of a highly-desirable rental market that will be coveted by high-income young professionals and families for years to come.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T15:31:31.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/133462039
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1568 Murray Circle Los Angeles (City), CA 90026

  • Price: $1,950,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 87 min ago
  • MLS #: 22203573
0
Beds
0
Baths
0
½ Baths
0.21
Acres
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
1568 Murray Circle is a Silver Lake development opportunity featuring a gutted Spanish-style duplex on an oversized 9,000+ SF corner lot. Located north of Sunset Boulevard and 0.7 miles from Sunset Junction, the subject property is in the heart of a trendy and vibrant community that offers residents a walkable commute to a wide array of beloved hotspots along Sunset Boulevard. Current improvements of this development opportunity include a gutted Spanish-style duplex comprised of (2) 2-bdrm. units (approx. 1,500+ SF each) that feature storybook balconies on a 9,000+ SF corner lot. Based on renovated units in the area, we believe a future investor could achieve approx. $4,900 per unit and generate $9,800 in gross monthly income. Additionally, the lot features a wide array of cactus species, observation decks with views and a freestanding two-car garage. 1568 Murray Circle offers investors a blank slate to develop an income property with great architectural features that is located in the heart of a highly-desirable rental market that will be coveted by high-income young professionals and families for years to come.
Exterior Features

Parking Total 0 View YN Yes

Property Features

Association YN No Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T15:31:31.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Max Berger of Compass (310-230-5478) and Joe Reichling of Compass(323-593-6999)