Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$1,125,000
We are pleased to present a five (5) unit apartment building located at 434 N Lake Street in Los Angeles, California. The subject property is located in a solid Echo Park location, north of Temple Street and west of Alvarado Street. This well-maintained property is located in Echo Park, offering… Read More an excellent unit mix of three (3) one-bedroom and two (2) two-bedroom units, all separately metered for electricity and gas, on a spacious 11,683 SF lot. Three of the five units are vacant, allowing market rents from day one. This property is a prime value-add opportunity, especially with SB1211 allowing for potential ADU conversions in the garage or rear parking lot. Tenants enjoy a gated and secure environment, lush, landscaped front yard, and full on-site parking with eight (8) dedicated spaces. Recent improvements include a new roof and completed soft story retrofit. Situated on a quiet street just off Temple, the property boasts walkable access to local hotspots like Tribal Cafe, Boba Guys, and Echo Park Lake, as well as dominant connectivity to Vermont, Normandie, and the 101/110 freeways. This is a rare chance to invest in a stable asset with long-term growth in a highly desirable Los Angeles neighborhood. With strong rental upside and potential for ADU conversion under SB1211, this property offers a rare investment opportunity in a prime Echo Park location poised for continued growth. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
6
Square Ft.
4,076
Lot Size
0.27 Acres
Year Built
1916
MLS Number
26633091
Additional Details
Building
Built in 1916, Living area: 4076.0, 1 building, Levels: MultiSplit
Income
Gross Income: $115,201, Net Operating Income: $77,748
Lot
0.2683 acres
Parking
Garage, Tandem, Uncovered
Taxes
Parcel Number: 5157016003, Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
