$ 899,000
-
$899,000
Price -
4
Bed -
4
Bath -
3,648
SqFt
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About the Listing G7207 - G165112277
Prime value-add four-unit investment opportunity in the heart of highly sought-after Highland Park. Located at 5048–5050 E. Echo Street, this charming Spanish Revival-style property offers strong current income, significant upside potential, and an exceptional opportunity to invest in one of Northeast Los Angeles’ most vibrant and rapidly growing neighborhoods. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units situated on each level. Each unit offers a functional floor plan with generous living areas, abundant natural light, and classic architectural character. Recent improvements include upgraded plumbing and newer windows, adding long-term value and reducing future maintenance concerns. Currently tenant-occupied with long-term residents, the property generates approximately $3,700 per month in rental income. Existing rents are below current market levels, presenting a compelling opportunity for future rental growth and repositioning potential (buyer to verify). Situated on a desirable LARD1.5 zoned lot, the property also features four detached garages located at the rear of the property, creating excellent potential for ADU and/or Jr. ADU conversion to further maximize income and value (buyer to verify with the City of Los Angeles). Ideally positioned near the vibrant York Boulevard and Figueroa Street corridors, the property is surrounded by Highland Park’s popular restaurants, coffee shops, boutiques, nightlife, art venues, and local parks. Convenient access to the Metro A Line and major freeways including the 110, 5, 134, and 210 allows for easy commuting to Downtown Los Angeles, Pasadena, South Pasadena, Glendale, and surrounding areas. With strong rental demand, desirable zoning, classic architectural appeal, and substantial upside potential, this is an outstanding opportunity for investors seeking to enhance cash flow and build long-term equity in a premier Los Angeles rental market. Drive-by only. Please do not disturb occupants.
Listing Highlights
Status
Active
Days on Site
79
Property Type
Multi-Family
MLS ®
GD26054879
Year Built
1924
Total Square Footage
3,648
Lot/Acreage
0.11
County
Los Angeles
Area
632 - Highland Park
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: LARD 1.5
- Roof: Spanish Tile
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Direct Access,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5468008002
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
5048 E Echo St Los Angeles, CA 90042
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