1016 Laguna Avenue
Los Angeles
90026
$1,695,000
Residential Income
beds: 6
baths: 5.0
2,918 sq. ft.
built: 1923
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 25565157
- Bedrooms:
- 6
- Bathrooms:
- 5
- Year Built:
- 1923
- Photos (34)
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Rare Echo Park Lakefront 5-Unit Income Property with Stunning ViewsAn exceptional opportunity to own a trophy 5-unit income property in one of Echo Park's most coveted locations Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential.The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two additional studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere.Tenants enjoy the unbeatable experience ofliving above the lake, with Echo Park's walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in anirreplaceable location, this is a truly rare offering in the heart of Echo Park.
- Total Floor Area:
- 2,918 sq. ft.
- Lot Area:
- 5,502 sq. ft.
- Bedrooms:
- 6
- Full Bathrooms:
- 0
- Three Quarter Bathrooms:
- 0
- Half Bathrooms:
- 0
- One Quarter Bathrooms:
- 0
- Bathrooms:
- 5.0 (Full:0, Half:0)
- Year built:
- 1923 (Age: 102)
- General Listing Location:
- Los Angeles, C21 - Silver Lake - Echo Park
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Electricity, Gas
- Gross Income:
- $117,636
- Net Operating Income:
- $77,713
- Cap Rate %:
- 4.6
- Vacancy Allowance Rate:
- $0
- 101 Freeway exit Echo Park Ave/Glendale Blvd, N on Echo Park Ave, N on Laguna Ave
- Appliances:
- Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Dryer, Washer
- Accessibility Features:
- None
- Number of Buildings:
- 3
- Senior Community:
- No
- Interior Features:
- Ceiling Fan(s)
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Patio And Porch Features:
- Front Porch, Open, Patio
- Levels:
- Two
- Num Stories:
- 0
- Entry Location:
- Ground Level w/steps
- Construction Materials:
- Stucco
- New Constr.:
- No
- Flooring:
- Carpet, Wood
- # Units:
- 5
- Spa:
- No
- Attached Garage:
- No
- Garage Spaces:
- 4
- Total Parking Spaces:
- 5
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5404021009
- Zoning:
- LARD2
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Listed by The Collective Realty
Data was last updated July 27, 2025 at 04:40 AM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of July 27, 2025 at 04:40 AM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.