Property listed by Keller Williams R. E. Services, Sheida Rezazadeh [email protected]
$999,000
Prime value-add four-unit investment opportunity located in the highly desirable Highland Park neighborhood. Situated at 5048–5050 E Echo Street, this Spanish Revival-style property offers strong rental demand and long-term upside potential in one of Northeast Los Angeles’ most dynamic markets.
The property consists of four spacious one-bedroom, one-bathroom units totaling approximately… Read More 3,648 square feet, with two units located on each level. Each unit features a comfortable and functional layout with generous living space. The property has undergone recent plumbing upgrades and includes newer windows, providing added value and long-term reliability.
Currently generating approximately $3,700 per month in rental income, the property is tenant-occupied with long-term residents. Current rents are below market, presenting a compelling opportunity for future rental growth and repositioning (buyer to verify).
Situated on a LARD1.5 zoned lot, the property includes four detached garages at the rear, offering potential for ADU or Jr. ADU conversion to further increase income potential (buyer to verify with the City of Los Angeles).
Ideally located near York Boulevard and Figueroa Street, the property is close to Highland Park’s popular restaurants, cafés, shops, nightlife, local parks, and the Metro A Line. It also offers convenient access to Downtown Los Angeles, South Pasadena, and Pasadena, as well as major freeways including the 110, 5, 134, and 210, providing excellent connectivity throughout the region.
With its desirable location, strong rental demand, and value-add potential, this property presents an excellent opportunity for investors seeking to enhance returns and build long-term equity.
Drive-by only. Please do not disturb occupants. Read Less
Listing Snapshot
Days Online
20
Last Updated
Property Type
Quadruplex
Lot Size
0.11 Acres
Year Built
1924
MLS Number
GD26054879
Additional Details
Building
Built in 1924, 1 building, 2 stories, Levels: Two, Entry level: 3, Entry location: Front Door
CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected, Water Source: Public, Standard, 4 separate electric meters, 4 separate gas meters
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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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