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2623 Bellevue Avenue, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

2623 Bellevue Avenue, Los Angeles, California 90026 home-pic-0
ACTIVE UNDER CONTRACT$1,499,000
2623 Bellevue Avenue, Los Angeles, California 90026
0Bed
0Bath
2,761Sqft
7,018Lot
Year Built
1952
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
CV25104899
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(50th), sqft - 2761(50th), beds - undefined(50th), baths - undefined(50th).

Incredible opportunity in the heart of Echo Park! 2623 Bellevue Ave features three separate buildings with a total of 3 legal units on an R2-zoned lot. Assessor records reflect 5 bedrooms and 3 bathrooms, though the property was previously used as a licensed assisted living facility and functionally operated with 9 bedrooms and 5 bathrooms. With approximately 2,761 sq ft of interior space, this multi-structure layout offers exceptional flexibility for investors, care operators, or those seeking a value-add project in a vibrant, centrally located neighborhood. The property is being offered in its current condition, presenting a chance for buyers to bring their vision and improvements. Minutes from Echo Park Lake, Sunset Blvd, and DTLA, this is a rare opportunity to invest in one of LA’s most dynamic markets. Buyer to verify all permits, uses, and configurations.

Nearby schools

5/10
Rosemont Avenue Elementary School
Public,•K-5•0.3mi
/10
Lake Street Primary School
Public,•K-1•0.6mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.7mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.9mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
8/10
Clifford Street Elementary School
Public,•K-6•1.3mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.4mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•2.1mi
8/10
Allesandro Elementary School
Public,•K-6•2.2mi
7/10
Dorris Place Elementary School
Public,•K-6•2.3mi
7/10
Solano Avenue Elementary School
Public,•K-6•2.3mi
2/10
Logan Street Elementary School
Public,•K-8•0.9mi
5/10
Virgil Middle School
Public,•6-8•1.1mi
3/10
Sal Castro Middle School
Public,•6-8•1.2mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.4mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.2mi
6/10
Irving STEAM Magnet
Public,•6-8•3.4mi
3/10
Belmont Senior High School
Public,•9-12•1.2mi
8/10
John Marshall Senior High School
Public,•9-12•2.2mi

Price History

Date
Event
Price
10/31/17
Sold
$1,050,000
10/01/15
Sold
$850,000
06/30/95
Sold
$300,000
Condition Rating
Poor
Built in 1952, this property is over 70 years old and is explicitly offered in 'as-is' condition, requiring substantial capital investment. The kitchen is non-functional, stripped down to exposed plumbing and bare walls, necessitating a complete renovation. Bathrooms are extremely dated with old fixtures and worn tiles. Throughout the property, there are worn tiled floors, popcorn ceilings, and outdated wall-mounted heating units, indicating significant deferred maintenance and a need for extensive repairs and modernization.
Pros & Cons

Pros

Exceptional Location: Situated in the highly desirable and dynamic Echo Park neighborhood, offering proximity to key attractions like Echo Park Lake, Sunset Blvd, and Downtown LA.
Multi-Unit Configuration: Features three separate buildings with three legal units on an R2-zoned lot, providing significant income-generating potential or flexible living arrangements.
High Investment Potential: Ideal for investors or value-add buyers due to its multi-unit setup, R2 zoning, and 'as-is' offering, allowing for customization and increased equity.
Versatile Usage Options: Previously operated as a licensed assisted living facility, indicating adaptability for various operational models beyond traditional residential rentals.
Strong Market Demand: Located in one of LA's most dynamic markets, suggesting robust rental demand and potential for continued property value appreciation.

Cons

As-Is Condition: The property is offered in its current state, likely requiring substantial capital investment for renovations, repairs, and upgrades to maximize its potential.
Discrepancy in Records: A notable difference exists between assessor records (5 beds/3 baths) and functional use (9 beds/5 baths), necessitating thorough buyer due diligence regarding permits, legal uses, and configurations.
Age of Property: Built in 1952, the property is over 70 years old, which may entail outdated systems, infrastructure, and potential for higher maintenance costs or the need for significant modernization.

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