2051 Lake Shore Ave - Apartments FOR SALE


Los Angeles, CA 90039- Echo Park
$1,150,000 USD
626-394-2527
2051 Lake Shore Ave, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

2051 Lake Shore Ave
Los Angeles, CA 90039
Echo Park


HIGHLIGHTS

  • Centrally located in the Echo Park neighborhood with urban connectivity.
  • Positioned near major roadways including US-101 and SR-2 for convenient commuting.
  • Close proximity to Echo Park Lake, Elysian Park, and local retail and dining hubs.
  • Situated on a 6,471-square-foot lot offering redevelopment or expansion opportunities.
  • Approximately 1.5 miles from Downtown Los Angeles and near regional transit options.

OVERVIEW

Tucked into the lush, storied hillsides of North Elysian Heights, this one-of-a-kind 1940s triplex is so much more than an investment property — it's an entire world unto itself. Three separate addresses (2051, 2053 & 2053½) sit nestled among mature trees, cascading bougainvillea, and layered gardens that give the compound the feel of a private botanical sanctuary in the middle of Los Angeles. A Property That Tells a Story: From the moment you enter through the gated entry off Lake Shore Ave, the character is undeniable. A beautifully planted walkway lined with agave, tropical foliage, potted succulents, and white river rock leads you past the front building — a classic stucco structure with green-trimmed windows and a charming arched stained glass accent — and deeper into a lushly planted compound that unfolds like a series of secret garden rooms. This is the rare property where the outdoor spaces are as compelling as the interiors. The Buildings: The front building fronts the street with classic 1940s stucco construction, green-trimmed windows, and a covered entry stair flanked by lush plantings. Behind it, the compound climbs the hillside through tiered gardens to a two-story rear structure with soaring exterior walls, generous windows, and a private balcony entry — a true treetop retreat. A detached three-car garage runs along the street frontage, offering exceptional parking that is virtually unheard of for a multi-unit property in this neighborhood. Each of the three units (2051, 2053, and 2053½) has its own distinct entry, outdoor area, and sense of privacy. The Location: Elysian Heights is one of Los Angeles' best-kept secrets — a quiet, tree-canopied hillside community perched above Echo Park and Silver Lake, beloved by artists, creatives, and professionals drawn to its authentic neighborhood feel. Steps from the Silver Lake Reservoir walking path, minutes from the best coffee shops, restaurants, and nightlife on Sunset Blvd, and with quick access to DTLA, Dodger Stadium, and the 2/5/101 freeways, the location checks every box. The Opportunity: With three separate units across three buildings, a detached multi-car garage, multiple private outdoor spaces, and lush mature landscaping, this compound offers the kind of character-rich, income-producing asset that simply doesn't come to market in this neighborhood. Live in one, rent the others. Hold as a cash-flowing portfolio asset. Or simply fall in love with one of the most unique residential compounds Elysian Heights has to offer.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

3

PRICE/UNIT

$383,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2051 Lake Shore Ave, Los Angeles

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,628 SF

ZONING

LAR1

APN/PARCEL ID

5420-005-008

ASK ABOUT THIS PROPERTY

Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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