This income-producing duplex in prime Echo Park features two detached units and presents an exceptional value-add opportunity. The front unit is tenant-occupied, providing immediate and reliable cash flow, while the rear unit has been taken down to the studs and is ready for renovation. Both units share a functional one-bedroom, one-bathroom layout, offering a clear path to maximizing rental income. Once the rear unit is renovated and both units are leased at market value, the property has strong potential to generate positive cash flow. Separate entrances and gated access enhance privacy and appeal, all set in one of Los Angeles' most desirable neighborhoods known for strong rental demand. A rare opportunity to reposition and add value in the heart of Echo Park.
Total Floor Area:
1,058 sq. ft.98.3 m2
Property Attached:
No
Lot Area:
4,179 sq. ft.388 m2
Bedrooms:
2
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
2.0
(Full:0, Half:0)
Year built:
1936
(Age: 90)
General Listing Location:
Los Angeles, C21 - Silver Lake - Echo Park
County Or Parish:
Los Angeles
Gross Income:
$21,540
Net Operating Income:
$21,540
Cap Rate %:
2.69
West on Temple Street. Left onto E Edgeware Road.
Number of Buildings:
2
Community Features:
Gated
Senior Community:
No
Laundry Features:
None
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Rectangular Lot
Security Features:
Gated Community
Levels:
One
Num Stories:
1
Entry Location:
Ground Level w/steps
New Constr.:
No
Common Walls:
No Common Walls
# Units:
2
Property Condition:
Fixer, Repairs Cosmetic, Repairs Major
Heating:
None
Cooling:
Wall/Window Unit(s)
Spa:
No
Garage Spaces:
0
Uncovered Spaces:
4
Total Parking Spaces:
4
Parking Features:
Driveway, Private, Shared Driveway, Uncovered
Special Listing Conditions:
Standard
Parcel Number:
5160020038
Zoning:
LACW
Front Unit
Front Unit
Back Unit Living Room