- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- PW26162171
- Year Built:
- 1912
- Photos (40)
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Turnkey 7-Unit Mixed-Use Investment | 10 Cap Rate
Welcome to 1357 W Temple Street — a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of Los Angeles's most dynamic and rapidly appreciating eastside neighborhoods.
This professionally maintained property features four studio units upstairs, plus a downstairs one-bedroom, one-bath unit and two office spaces with an additional bath — the latter offering excellent potential for conversion to residential use, creating additional upside beyond current income. Built in 1912 and thoughtfully modernized over the last 15 years — including roof, plumbing, and electrical updates — the property combines character with functional, income-ready infrastructure.
Investment Highlights:
10 CAP rate on current rents, with pro forma upside exceeding 13 CAP Rate
Seven units total — flexible mixed-use configuration with residential conversion potential
Turnkey condition with recent roof, plumbing, and electrical upgrades
Zoned LACW
Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways
Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is within walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown Los Angeles, Disney Hall, and the Arts District. The surrounding corridor continues to see strong demand from creative, wellness, and media tenants, supporting sustained rental growth and long-term appreciation in a supply-constrained market.
Link for OM / Property info / expenses:
Call Jason Kim for more info
- Home Style:
- Custom
- Property Sub Type:
- Mixed Use
- Property Attached:
- Yes
- Lot Area:
- 2,992 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1912 (Age: 114)
- General Listing Location:
- Los Angeles, 632 - Highland Park
- County Or Parish:
- Los Angeles
- Tenant Pays:
- All Utilities
- Common Interest:
- Community Apartment
- Gross Income:
- $115,200
- Gross Scheduled Income:
- $115,200
- Net Operating Income:
- $102,194
- Cap Rate %:
- 10.0
- Rent Control:
- Yes
- Land Lease:
- No
- Electric Expense:
- $1,200
- Fuel Expense:
- $720
- Insurance Expense:
- $790
- Operating Expense:
- $13,006
- Professional Management Expense:
- $2,400
- Trash Expense:
- $1,200
- Water and Sewer Expense:
- $1,200
- Tax Lot:
- 2
- In Echo park 5 min away from the park - down town and dodger stadium
- Floor
- Type
- Size
- Other
- -
- Bedroom
- Measurements not available
- Multi-Level Bedroom
- -
- Office
- Measurements not available
- -
- View:
- None
- Appliances:
- Electric Oven
- Accessibility Features:
- None
- Number of Buildings:
- 0
- # of Electric Meters:
- 3
- # of Gas Meters:
- 3
- # of Water Meters:
- 3
- Community Features:
- Dog Park, Park, Storm Drain(s), Sidewalks
- Senior Community:
- No
- Interior Features:
- Multiple Staircases, French Door(s)/Atrium Door(s)
- Laundry Features:
- Common Area
- Door Features:
- Atrium Doors
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- 6-10 Units/Acre
- Fireplace Features:
- None
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- Street
- Construction Materials:
- Drywall, Glass, Plaster
- New Constr.:
- No
- Flooring:
- Vinyl
- Foundation:
- Brick/Mortar
- Roof:
- Composition
- Common Walls:
- 2+ Common Walls
- # Units:
- 7
- Property Condition:
- Turnkey
- Heating:
- Floor Furnace
- Fireplace:
- No
- Cooling:
- Wall/Window Unit(s)
- Utilities:
- Cable Available, Electricity Available, Natural Gas Available
- Electricity:
- Electricity - On Property
- Fencing:
- Fair Condition
- Water supply:
- Public
- Sewer:
- Public Sewer
- Green Energy Efficient:
- Appliances
- Spa:
- No
- Road Frontage Type:
- City Street
- Road Surface Type:
- Alley Paved
- Garage Spaces:
- 0
- Total Parking Spaces:
- 0
- Parking Features:
- None
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5160005006
- Zoning:
- LACW
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Listed by Coldwell Banker Realty
Data was last updated July 26, 2026 at 04:40 PM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of July 26, 2026 at 04:40 PM (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.