Property listed by eXp Realty of California Inc, Jessica Nieto 562-714-2176
$1,350,000
6 bed | 2 bath | 2,560 sq ft | Corner lot | Three-unit property | LARD3 zoning
Welcome to one of the most storied corners in upper Elysian Heights. Sitting at Echo Park Ave and Ewing St, this Queen Anne Victorian is widely known as "The Queen of Elysian Heights"… Read More and is believed to be among the oldest homes on the avenue. A true storybook-style gem with huge upside potential. The property includes three units total: the main Victorian residence and a two-unit duplex, all set on a 4,046 sq ft corner lot with 3 parking spaces.
Two units are currently occupied with month-to-month tenancies at below market rents, creating immediate income alongside meaningful upside for a future owner. Live in the main home and let your tenants offset the mortgage, or hold all three units as a long-term rental in one of the Eastside's most in-demand neighborhoods. The LARD3 zoning opens additional doors for the right buyer.
As a historically designated property, the next owner may want to explore potential Mills Act property tax benefits. The Mills Act allows owners of qualified historic properties to receive significant property tax relief in exchange for a commitment to preserve and maintain the home's historic character. Buyers are encouraged to research eligibility and application requirements through the City of Los Angeles Office of Historic Resources.
Elysian Heights puts you in the center of everything that makes Echo Park one of the most sought-after neighborhoods in Los Angeles. Walk to Elysian Heights Elementary Arts Magnet, grab coffee at Canyon Coffee or Valerie Echo Park, and enjoy neighborhood staples like Cookbook, Bacetti Trattoria, and Lady Byrd Cafe. Sunset Boulevard is just minutes away with its endless dining, arts, and nightlife. Echo Park Lake, Dodger Stadium, and local hiking trails are all at your doorstep, and the 101 and 2 freeways provide easy access across the city.
Historical designation adds both character and long-term value protection. This is a rare opportunity to anchor yourself in a neighborhood where properties like this rarely come to market. Please do not disturb occupants. Call your Realtor today to schedule a tour and make an offer. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Triplex
Lot Size
0.09 Acres
Year Built
1920
MLS Number
OC26060162
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1920, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance: $1,500, Water/Sewer: $5,800
Fireplaces
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $16,800, Net Operating Income: $16,800
Laundry
InKitchen, LaundryRoom
Lot
0.0929 acres, Lawn
Parking
4 total parking spaces, DrivewayLevel, Driveway, OffStreet, Uncovered
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.
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