1545 Duane St - Multi-Family FOR SALE


Los Angeles, CA 90026- Echo Park
$1,250,000 USD
310-562-9630
1545 Duane St, Los Angeles, CA for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/29
null | 5.82% Cap Rate

1545 Duane St
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • 1 unit vacant & detached with in-unit washer/dryer
  • Ideal elysian heights location off Echo Park Ave
  • Three total units: two updated 1BR/1BA apartments plus one standalone 1BR/1BA California bungalow with private outdoor space
  • Vacant bungalow delivered at closing, refreshed with chic mid-century style and highly desirable for an owner-user or premium rental
  • Strong in-place income of $4,080/month with pro forma rents of $7,030/month ($84,360 annually) at stabilization
  • Excellent opportunity for an owner-occupier to live stylishly in Echo Park while offsetting their mortgage with rental income

OVERVIEW

Echo Park is a neighborhood that lives at the intersection of creativity and culture, and 1545 Duane Street captures that spirit in every way. This rare three-unit property offers the kind of lifestyle buyers dream of privacy, design, and community all just steps from the energy of Sunset Boulevard, Echo Park Lake, and Dodger Stadium. Trendy cafs, independent shops, and leafy parks surround you, creating a neighborhood where every day feels connected and inspired. At its heart is a standalone 1-bedroom, 1-bath bungalow with an additional office, staged to highlight its mid-century aesthetic and clean, modern charm. The home's open floor plan, upgraded laminate floors, and mini-split system make it as functional as it is stylish, while the front and side yard create a true indoor-outdoor oasis. It's the perfect setting for morning coffee, evenings with friends, or quiet moments of retreat. Two additional residences provide steady income, with one recently renovated and both paying close to market rents. For those who have been priced out of a single-family home in Echo Park, this is a rare chance to live in a house-like setting while offsetting your payment with income from the other units. 1545 Duane Street isn't just an investment it's an invitation to live beautifully, surrounded by one of Los Angeles' most vibrant and creative communities.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$701 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

5.82%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex with 1 Unit Vacant in Echo Park!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

PARKING SPACES

1

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAC1

APN/PARCEL ID

5420-033-015

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

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