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:
Apartment
Property Attached:
Yes
Lot Area:
8,696 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 Income:
$142,524
Gross Scheduled Income:
$142,524
Net Operating Income:
$83,883
Cap Rate %:
5.24
Rent Control:
Yes
Land Lease:
No
Electric Expense:
$5,338
Fuel Expense:
$0
Insurance Expense:
$6,828
Licenses expense:
656.0
Maintenance Expense:
$10,249
Taxes expense:
20000.0
Operating Expense:
$58,641
Other Expense:
$424
Professional Management Expense:
$7,126
Trash Expense:
$1,800
Water and Sewer Expense:
$6,220
Tax Lot:
28
Tax Block:
31
W Cesar Chavez and Everett St
Appliances:
Dryer, Washer
Number of Buildings:
1
# of Electric Meters:
5
# of Gas Meters:
5
# of Water Meters:
5
Community Features:
Park, Street Lights, Sidewalks
Senior Community:
No
Laundry Features:
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Pool Features:
None
Private Pool:
No
Lot Features:
2-5 Units/Acre, Cul-De-Sac, Rectangular Lot
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
2+ Common Walls, No One Above, No One Below
# Units:
5
Heating:
Central
Cooling:
Central Air
Water supply:
Public
Sewer:
Public Sewer
Garage Spaces:
2
Uncovered Spaces:
5
Carport Spaces:
2
Total Parking Spaces:
9
Parking Features:
Assigned, Door-Single, Garage, On Site, Garage Faces Rear, One Space