2142 Baxter Street presents a rare opportunity to acquire a 3-unit income property in the sought-after Echo Park/Elysian Heights neighborhood of Los Angeles. Priced at $1,175,000, this property offers two stabilized one-bedroom units and a vacant studio ready to lease, delivering immediate upside potential. Set on a 7,407 SF lot zoned LAR1, the asset provides long-term value-add possibilities, including ADU or SB9 legalization options (buyer to verify). The 1910 California Bungalow retains its character while featuring tasteful updates such as refinished hardwood floors and modernized kitchens and baths. Enjoy mature fruit trees, private outdoor areas, and skyline views in a highly walkable area boasting a Walk Score of 91. Tenants benefit from proximity to Echo Park Lake, Silver Lake, and Downtown LA, with quick freeway access for connectivity. Ideal for owner-users, investors, or 1031 buyers seeking stable income with future development potential.