Exceptional 5-unit investment opportunity in a prime Los Angeles location just minutes from Downtown LA. This versatile property features a spacious front house paired with four additional income-producing units—ideal for both owner-users and investors seeking strong rental potential.
The front residence offers approximately 2,500 sq ft of living space, featuring 4 bedrooms, 2.5 bathrooms, plus a den/office—perfect for a home office or multi-generational living. Thoughtfully updated, the home showcases new laminate wood flooring, fresh interior paint, and new window treatments throughout. The expansive layout includes a large formal dining room, an oversized living area, and a beautifully updated kitchen with new quartz countertops, abundant cabinetry, and a charming breakfast area.
Additional highlights include central air and heat, in-unit washer and dryer, generous storage space, and a 2-car side-by-side carport. Positioned directly across from Everett Park, the home enjoys stunning views of the Downtown Los Angeles skyline—an increasingly rare feature in this area.
The rear portion of the property consists of four well-maintained 2-bedroom, 1-bath units, offering steady rental income and strong tenant appeal. The property’s layout provides a unique opportunity for an owner to live in the front home while offsetting expenses with rental income from the additional units.
Located in a highly desirable pocket of Los Angeles with close proximity to Downtown LA, the Arts District, Chinatown, Dodger Stadium, Echo Park, and Union Station, this property offers both convenience and long-term growth potential.
A rare chance to own a hybrid residential income property in one of LA’s most dynamic and centrally located neighborhoods.
Property Sub Type:
Multi Family
Lot Area:
8,693 sq. ft.808 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1986
(Age: 40)
General Listing Location:
Los Angeles, C21 - Silver Lake - Echo Park
County Or Parish:
Los Angeles
Common Interest:
None
Gross Scheduled Income:
$142,524
Net Operating Income:
$83,883
Cap Rate %:
5.24
Electric Expense:
$5,338
Insurance Expense:
$6,828
Maintenance Expense:
$10,249
Operating Expense:
$58,641
Professional Management Expense:
$7,126
Trash Expense:
$1,800
Water and Sewer Expense:
$6,220
Vacancy Allowance:
$0
W Cesar Chavez Ave and Everett
Appliances:
Dryer, Washer
Community Features:
Park
Laundry Features:
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Lot Features:
2-5 Units/Acre, Cul-De-Sac, Near Park, Rectangular Lot