Property Detail

Description

1150 Laveta Terrace sits just above Sunset Blvd in the highly desirable Echo Park neighborhood. This beautiful 4-unit property allows an investor to acquire a stable investment opportunity with additional upside potential. The two-story, two-building property offers a strong unit mix of (1) 2 bed/2 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath units. Originally built in 1928 with a total living space of 2,993 SF and a 3,526 SF corner lot zoned RD2. The property is currently 100% occupied with an additional 25-30% upside in rents as units turn and are brought to market rents. Additionally, there are a total of 5 garage spaces, which can be converted into two ADU's that would boost the property valuation by over $500k. Prime Location in Echo Park, steps from neighborhood hotspots like El Moro, La Fe, Monty's, Quarter Sheet's, Dada Market, and Little Joy.