1715 Sichel Street

Los Angeles, CA 90031

PRICE REDUCED

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-$51,000 (-6.00%)

$799,000

List Price

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1932

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Property Description

Investment Opportunity – 1715 Sichel Street, Los Angeles, CA Presenting 1715 Sichel St, a 5-unit multi-family property in the heart of Los Angeles, perfect for investors looking for a contractor special. This property, located on a 6,141 sq. ft. lot, offers a total of 5 bedrooms and 5 bathrooms, with each unit having its own bathroom. The property is in need of TLC and is a fantastic opportunity for those with a vision for renovation or value-add potential. It is currently under REAP (Rent Escrow Account Program), which adds to its potential as a project for experienced investors ready to bring it up to code and maximize rental income. The three-vehicle garage, totaling 504 sq. ft., provides additional value. Once renovated, this property will have strong potential for rental income in a desirable Los Angeles location with easy access to schools, amenities, and attractions. Don’t miss this chance to take advantage of the real estate market in one of LA’s thriving neighborhoods! The 5 Units next door are also for sale. Get them before they are gone.

Listing Information

List Price $799,000
Status Active
MLS GD24185090
Type Commercial
Subtype Multi Family
Year Built 1932
Lot Size 6,141
Structure Size N/A
DOM 33
Courtesy Of Las Casas Realty, Inc.
Listing Agent David De Anda DRE#01912935

Interior Features

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Exterior Information

Maps

Listing information courtesy of: David De Anda, Las Casas Realty, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 10:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.