The CREM Group has been selected to exclusively market for sale 1922 Santa Ynez Street, situated just east of Alvarado Street in prime Echo Park. The offering consists of a well maintained three unit building with an attractive mix of two 3+1's and one 2+1, totaling 2,253 square feet. 1922 Santa Ynez Street is situated on a 6,500 square foot lot zoned RD2. The building itself is set back towards the rear of the parcel with a large parking lot in the front, creating an opportunity for the construction of one or two accessory dwelling units (previously, setbacks were reduced to four-foot side and rear yards, however, now if a proposed ADU is less than 800 sq. ft., the front setback requirement can no longer prevent an ADU from being constructed). Buyer to conduct its own investigation to verify ADU feasibility. Situated just two blocks south of Sunset Boulevard, the subject property is abshort distance to some of the neighborhoods most popular restaurants and bars, including Cosa Buona, Honey Hi, Masa, Mohawk Bend, and many more. Echo Park is a vibrant neighborhood highly sought after by young professionals and families. The area's desirability has resulted in steady rent growth and an increase in average home prices, indicating a strong potential for sustained local development and appreciation.
