A rare offering in one of Los Angeles’ most resilient and high-demand neighborhoods. This beautifully updated fourplex, paired with an RTI approved ADU, stands as a turnkey investment with immediate income strength and clear upside.
Originally built in 1923 and renovated with care in 2021, the property blends historic character with modern function. The two-building layout spans roughly 2,624 square feet on a generous 6,243-square-foot lot, with an appealing mix of one-, two-, and three-bedroom units that attract a wide tenant profile. Each unit features its own gas and electric meters, in-unit washer and dryer hookups, and efficient layouts, with on-site parking further supporting long-term stability and ease of management.
The RTI ADU delivers a streamlined path to higher returns without the delays of planning or entitlement. Combined with strong existing rents and proforma projections, the property positions an investor for both immediate cash flow and meaningful value appreciation.
Location sets this asset apart. Set along the Echo Park / Rampart Village corridor, the property benefits from exceptional connectivity to the 101, Downtown LA, Silver Lake, and a deep roster of dining, retail, and lifestyle amenities. This is a walkable, high-density, high-demand pocket where quality rentals remain consistently absorbed. Over 80,000 residents live within a mile, and nearly 600,000 within three miles—supporting a robust, stable tenant pool.
For investors seeking a thoughtfully upgraded multifamily asset with strong fundamentals, desirable demographics, and long-term upside, this property offers a compelling hold in one of LA’s most enduring rental markets. The layout and unit mix also make it an excellent opportunity for an owner-user, whether as a starter home using FHA financing or by occupying one unit while generating income from the others.