715 Douglas St Los Angeles, CA 90026
Echo Park NeighborhoodEstimated payment $16,602/month
Total Views
2,901
10
Beds
8
Baths
3,325
Sq Ft
$774
Price per Sq Ft
Highlights
- City Lights View
- Landscaped
- Central Heating and Cooling System
- Laundry Room
- Instant Hot Water
- Turnkey
About This Home
715 Douglas St is an artfully restored historical triplex in the heart of Echo Park, one of Los Angeles’ most vibrant and sought-after neighborhoods. The property currently offers a return of 5.74%, with the existing A+ tenants paying $7,196, $5,400, and $3,502 in rent. Additionally, the property is being delivered with SHOVEL READY plans for a freestanding 2-bedroom, 2-bathroom ADU and RTI plans for a second 2-bedroom, 2.5-bathroom freestanding ADU. We project over $1 million in added value with the construction of these units.
Located on Douglas Street, widely regarded as one of the most charming streets in the area, this property is just a short distance from Echo Park Lake, the iconic Baxter Street Stairs, and neighborhood favorites like Lowboy, The Echo, and Bar Flores.
Fully remodeled from top to bottom, 715 Douglas features brand-new systems, high-end custom finishes, and thoughtfully designed interiors, blending modern amenities with timeless character. The unit mix includes two 4-bedroom, 3-bath units and one 2-bedroom, 2-bath unit, all boasting in-unit washer/dryers, landscaped patio areas, and bespoke finishes that make each space truly unique. To sweeten the deal, the triplex comes fully furnished, offering a turnkey opportunity for investors or owner-users.
Buyers who build the ADUs could achieve close to a 7.5% cap rate, ensuring strong returns in one of LA’s hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 715 Douglas St is a rare find in Echo Park. Don’t miss this chance to own an artfully restored gem with modern amenities and exceptional long-term value in one of Los Angeles’ trendiest neighborhoods!
Listing Agent
Myunits.com Inc. Brokerage Phone: 805-973-7470 License #02064825 Listed on: 05/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,192
Year Built
- Built in 1924
Lot Details
- 6,822 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- On-Street Parking
Property Views
- City Lights
- Neighborhood
Home Design
- Triplex
- Turnkey
Interior Spaces
- 3,325 Sq Ft Home
- 2-Story Property
- Dining Room with Fireplace
Kitchen
- Electric Oven
- Gas Range
- Dishwasher
- Instant Hot Water
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Standard Electricity
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 197
- Assessor Parcel Number 5405013002
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $635
- Fuel Expense $635
- Gardener Expense $1,640
- Insurance Expense $2,860
- Maintenance Expense $3,000
- New Taxes Expense $30,892
- Operating Expense $39,662
- Gross Income $193,176
- Net Operating Income $147,419
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,092 | $1,407,160 | $985,012 | $422,148 |
| 2024 | $21,092 | $1,709,784 | $1,170,349 | $539,435 |
| 2023 | $16,806 | $1,352,520 | $946,764 | $405,756 |
| 2022 | $16,031 | $1,326,000 | $928,200 | $397,800 |
| 2021 | $1,323 | $72,869 | $35,300 | $37,569 |
| 2020 | $1,325 | $72,123 | $34,939 | $37,184 |
| 2019 | $1,292 | $70,709 | $34,254 | $36,455 |
| 2018 | $1,208 | $69,324 | $33,583 | $35,741 |
| 2016 | $1,116 | $66,634 | $32,280 | $34,354 |
| 2015 | $1,104 | $65,634 | $31,796 | $33,838 |
| 2014 | $1,135 | $64,350 | $31,174 | $33,176 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Price Changed | $2,575,000 | -1.0% | $774 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $2,600,000 | 0.0% | $782 / Sq Ft |
| 03/10/2023 03/10/23 | Rented | $3,400 | -19.0% | -- |
| 03/10/2023 03/10/23 | Under Contract | -- | -- | -- |
| 02/16/2023 02/16/23 | Price Changed | $4,200 | -16.0% | $7 / Sq Ft |
| 12/29/2022 12/29/22 | For Rent | $5,000 | 0.0% | -- |
| 05/14/2021 05/14/21 | Sold | $625,000 | -60.9% | $173 / Sq Ft |
| 01/20/2021 01/20/21 | Pending | -- | -- | -- |
| 01/05/2021 01/05/21 | Price Changed | $1,599,000 | -15.3% | $443 / Sq Ft |
| 10/05/2020 10/05/20 | For Sale | $1,888,000 | -- | $524 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | Stewart Title Company | |
| Grant Deed | $1,300,000 | Lawyers Title Company | |
| Grant Deed | $625,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,890,000 | New Conventional | |
| Previous Owner | $1,650,000 | Construction | |
| Previous Owner | $575,000 | Commercial | |
| Previous Owner | $715,000 | New Conventional | |
| Previous Owner | $375,000 | Commercial |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25097040
APN: 5405-013-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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