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$1,645,000
Est. payment /mo
7 Beds
5 Baths
2,993 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,993 sqft
Price per Sqft $549
MLS Listing ID 26654447
Bedrooms 7
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1928
Lot Size 3,528 Sqft
Property Description
1150 Laveta Terrace sits just above Sunset Blvd in the highly desirable Echo Park neighborhood. This beautiful 4-unit property allows an investor to acquire a stable investment opportunity with additional upside potential. The two-story, two-building property offers a strong unit mix of (1) 2 bed/2 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath units. Originally built in 1928 with a total living space of 2,993 SF and a 3,526 SF corner lot zoned RD2. The property is currently 100% occupied with an additional 25-30% upside in rents as units turn and are brought to market rents. Additionally, there are a total of 5 garage spaces, which can be converted into two ADU's that would boost the property valuation by over $500k. Prime Location in Echo Park, steps from neighborhood hotspots like El Moro, La Fe, Monty's, Quarter Sheet's, Dada Market, and Little Joy.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Private
Garage Spaces 5.0
Garage Description 5.0
Porch Rooftop
Total Parking Spaces 5
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5404021041
Special Listing Condition Standard
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Listed by Nicholas Fichera Figure 8 Realty #01932217
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