1723 Sichel Street
Description
Introducing 1723 Sichel St, a 5-unit multi-family property situated on a 5,912 sq. ft. lot in the vibrant Los Angeles area. This property features 5 bedrooms and 5 bathrooms, with one bathroom per unit, providing a great opportunity for rental income once renovated. This contractor special requires TLC and is perfect for investors seeking a value-add project. The property is under REAP (Rent Escrow Account Program), making it ideal for those...Investment Opportunity – 1723 Sichel Street, Los Angeles, CA
Introducing 1723 Sichel St, a 5-unit multi-family property situated on a 5,912 sq. ft. lot in the vibrant Los Angeles area. This property features 5 bedrooms and 5 bathrooms, with one bathroom per unit, providing a great opportunity for rental income once renovated. This contractor special requires TLC and is perfect for investors seeking a value-add project. The property is under REAP (Rent Escrow Account Program), making it ideal for those who can bring it up to compliance and increase its rental potential. With its spacious lot and garage space of 504 sq. ft. for three vehicles, this property offers significant potential once improvements are made. Located in a prime LA neighborhood, it provides convenient access to local amenities, schools, and attractions. Take advantage of this opportunity to invest in a multi-unit property with incredible upside in Los Angeles! The 5 Units next door are also for sale.
- Listed by David De Anda • DRE #01912935 • Brokerage DRE #00804434 • Las Casas Realty, Inc. • 626-592-5341
Property Details for 1723 Sichel Street
Property Details for 1723 Sichel Street
| Status | Active |
|---|---|
| MLS # | GD24185078 |
| Days on Market | 76 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1924 |
| Lot Size | 0.14 AC / 5,914 SF |
| County | Los Angeles County |
Building Information for 1723 Sichel Street
Property Information for 1723 Sichel Street
- Gross Scheduled Income: $49,200
- Water Sewer Expense: $6,000
- Laundry: No
- Laundry Features: None
- Lot Features: 0-1 Unit/Acre
- Land Use: Multi-Family
- Water Source: Public
- Building Status: Existing
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $675
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $875
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Units Total: 3
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $650
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Unit Type Units Total: 4
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $950
- Unit Type Area Units: Square Feet
- Unit Type Type: 4
- Unit Type Units Total: 5
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $950
- Unit Type Area Units: Square Feet
- Unit Type Type: 5
- Number Of Units Leased: 5
- Number Of Buildings: 1
Property History for 1723 Sichel Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1723 Sichel Street
Schools near 1723 Sichel Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Griffin Avenue Elementary School PublicK to 5 | ||
Excel Charter Academy Charter6 to 8 | ||
Abraham Lincoln Senior High School Public9 to 12 | ||
Woodrow Wilson Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Las Casas Realty, Inc., David De Anda, DRE #01912935
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.