1131 Echo Park Ave
Property Description
Welcome to a rare opportunity in one of Los Angeles' most vibrant and sought-after neighborhoods-Echo Park. This charming duplex features two spacious units, each offering 2 bedrooms and 1 bathroom, making it ideal for both owner-occupants and savvy investors. Situated in an amazing location, the property is just a short walk to Echo Park Lake and the lively energy of Sunset Blvd, where you'll find popular restaurants, cafes, shops, and entertainment. With its central location, you'll enjoy easy access to Downtown Los Angeles, major freeways, and all that the city has to offer. What truly sets this property apart is the expansive 7,500 sq ft lot zoned LAR3, offering tremendous upside potential. Whether you're looking to expand the existing structure, add additional units, or pursue a full development project, this property provides the flexibility and zoning to bring your vision to life (buyer to verify with city). The current duplex layout offers immediate rental income potential, while the lot size and zoning make it an exceptional long-term investment. Opportunities like this-combining location, existing income, and development potential-are rare in Echo Park. Perfect for developers, investors, or buyers looking to grow their real estate portfolio, this is your chance to secure a valuable piece of Los Angeles real estate in a high-demand area. Don't miss out on this one-of-a-kind opportunity to invest, develop, or create your dream property in the heart of Echo Park!
Broker Details
Century 21 A Better Service Realty (562) 806-1000
MLS ID: YHERNLUI State License Number: 01702834
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,050,000 |
| No. of Units: | 2 |
| Year Built: | 1911 |
| Lot Size: | 2,080.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $525,000 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MRMLSCA-DW26094656
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1257-1257 1/2 N New Hampshire
Los Angeles, California
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout