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$899,000
Est. payment /mo
4 Beds
4 Baths
4,644 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26054879
Bedrooms 4
Lot Size 4,644 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime value-add four-unit investment opportunity in the heart of highly sought-after Highland Park. Located at 50485050 E. Echo Street, this charming Spanish Revival-style property offers strong current income, significant upside potential, and an exceptional opportunity to invest in one of Northeast Los Angeles most vibrant and rapidly growing neighborhoods. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units situated on each level. Each unit offers a functional floor plan with generous living areas, abundant natural light, and classic architectural character. Recent improvements include upgraded plumbing and newer windows, adding long-term value and reducing future maintenance concerns. Currently tenant-occupied with long-term residents, the property generates approximately $3,700 per month in rental income. Existing rents are below current market levels, presenting a compelling opportunity for future rental growth and repositioning potential (buyer to verify). Situated on a desirable LARD1.5 zoned lot, the property also features four detached garages located at the rear of the property, creating excellent potential for ADU and/or Jr. ADU conversion to further maximize income and value (buyer to verify with the City of Los Angeles). Ideally positioned near the vibrant York Boulevard and Figueroa Street corridors, the property is surrounded by Highland Parks popular restaurants, coffee shops, boutiques, nightlife, art venues, and local parks. Convenient access to the Metro A Line and major freeways
Location
State CA
County Los Angeles
Zoning Assessor
Direction From York Blvd, go south on Ave 50, left on Echo St.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5468008002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Sheida Rezazadeh, DRE#01925670 Keller Williams R. E. Services
NEARBY SCHOOLS & PROPERTIES
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