1568 Murray Cir

Los Angeles, CA, 90026

$1,950,000

$1,950,000
Active
Active
 - For Sale
property_type
Land
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.
MLS® ID:
22-203573
Listed:
9/26/22
Updated:
12/1/22

Exterior/Building Features

Lot Size
9,032 ft² lot

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAR2

Property History

Date
Event
Price
Value
11/10/22
Price Change
$1,950,000
-9%
10/18/22
Price Change
$2,150,000
-10%

Courtesy of Compass, Max Berger,
Listing Contact:  

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©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/1/22

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