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$ 1,645,000
Est. payment | /mo
6 Beds
2,993 SqFt
$ 1,645,000
Est. payment | /mo
6 Beds
2,993 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,993 sqft
Price per Sqft $549
MLS Listing ID CL26654447
Bedrooms 6
HOA Y/N No
Year Built 1928
Lot Size 3,527 Sqft
Acres 0.08
Property Sub-Type OTHER
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
Zoning LARD2
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5404021041
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Listed by Nicholas Fichera • Figure 8 Realty
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