1016 Laguna Ave - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,695,000 USD
323-363-1096
1016 Laguna Ave, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/28
null | 4.58% Cap Rate

1016 Laguna Ave
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Prime location -- Direct View of Echo Park Lake from All Units
  • Three buildings on large lot-possibility for expansion/ADU’s
  • Bungalow Style units include one 2bd/1ba and four 1bd/1b
  • Solid earner-GOI is $117,636 and an estimated NOI of $77,713
  • Current GRM is 14.4 with a cap rate of 4.6%
  • Easy access to 101 Freeway, DTLA, Silver Lake, Elysian Park, and Dodger Stadium

OVERVIEW

Rare Echo Park Lakefront 5-Unit Income Property with Stunning Views An exceptional opportunity to own a trophy 5-unit income property in one of Echo Park’s most coveted locations— Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential. The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere. Tenants enjoy the unbeatable experience of living above the lake, with Echo Park’s walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in an irreplaceable location, this is a truly rare offering in the heart of Echo Park.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$581 USD /SF

# OF UNITS

5

PRICE/UNIT

$339,000

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,502 SF

ZONING

RD, Los Angeles

APN/PARCEL ID

5404-021-009

ASK ABOUT THIS PROPERTY

Will TiaoTiao PropertiesMore Info
323-363-1096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Will TiaoTiao PropertiesMore Info
323-363-1096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.