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Listed by Sheida Rezazadeh, DRE #01925670 • Keller Williams R. E. Services
$ 899,000
Est. payment /mo
Price Dropped by $100K
5048 E Echo ST Los Angeles, CA 90042
4,644 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26054879
Style Spanish
Year Built 1924
Lot Size 4,644 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Prime value-add four-unit investment opportunity in the heart of highly sought-after Highland Park. Located at 5048-5050 E. Echo Street, this charming Spanish Revival-style property offers strong current income, significant upside potential, and an exceptional opportunity to invest in one of Northeast Los Angeles' most vibrant and rapidly growing neighborhoods. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units situated on each level. Each unit offers a functional floor plan with generous living areas, abundant natural light, and classic architectural character. Recent improvements include upgraded plumbing and newer windows, adding long-term value and reducing future maintenance concerns. Currently tenant-occupied with long-term residents, the property generates approximately $3,700 per month in rental income. Existing rents are below current market levels, presenting a compelling opportunity for future rental growth and repositioning potential (buyer to verify). Situated on a desirable LARD1.5 zoned lot, the property also features four detached garages located at the rear of the property, creating excellent potential for ADU and/or Jr. ADU conversion to further maximize income and value (buyer
Location
State CA
County Los Angeles
Area 632 - Highland Park
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry In Closet, Other
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Tile
Building
Water District - Public
Architectural Style Spanish
Others
Tax ID 5468008002
Special Listing Condition Not Applicable
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