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,… Read More 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. Read Less
Courtesy of Figure 8 Realty 213-537-0114
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
7
Square Ft.
2,993
Lot Size
0.08 Acres
Year Built
1928
MLS Number
26654447
30 Days Snapshot Of 90026
$1.46M
0%
(avg) sold price
15
+114%
homes sold
76
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
2,993 sq ft, Built in 1928, Levels: Multi/Split, Attached
Cooling
None
Disclosures
None
Exterior Features
Balcony, Roof Top Deck
Floors
Mixed
Garage
5 total garage spaces, Garage - 4+ Car, Garage Is Attached, Private Garage
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