$1,198,000

Estimated payment $7,675/month

Total Views 1,232
6 Beds
5 Baths
3,280 Sq Ft
$365 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 4-minute walk to Unidad Park & Community Garden

About This Home

Great opportunity, rare Echo Park income property with 4 of 5 units will be delivered vacant at close of escrow. An ideal blank canvas for investor repositioning. Front unit is turnkey ready to rent out. The 3,280sqft multifamily asset presents a compelling 1031 exchange opportunity: defer capital gains while optimizing three vacant units for long-term rent roll. Situated close to Echo Park Lake, DTLA, transit, and popular eateries, this property blends reliable cash flow with STR upside—perfect for investors seeking both stability and growth.

Listing Agent

Rich Chow

Gotham Elite Properties Brokerage Phone: 626-226-3462 License #01934980 Listed on: 08/02/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,003 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 3,280 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 3 / 38
  • Tax Tract Number 208
  • Assessor Parcel Number 5153011004
  • $967 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,743
  • Water Sewer Expense $3,068

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Price Per Unit: 239600
  • Property Attached: Yes
  • Water Sewer Expenses: 3068.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5153011004
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 365.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7003.00
  • Lot Size Acres: 0.1608

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Insurance Expense: 6743.00
  • Lot Size Area: 7003.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Rent Control: Yes

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 2083.01
  • Tax Lot: 3
  • Tax Tract Number: 208...
  • TaxOtherAnnualAssessmentAmount: 967.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 For Sale $1,198,000 -- $365 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25173291

California Regional Multiple Listing Service (CRMLS)