1150 Laveta TER, Los Angeles, CA 90026
1150 Laveta TER, Los Angeles, CA 90026
1150 Laveta TER, Los Angeles, CA 90026
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,645,000
Est. payment /mo
7 Beds
5 Baths
2,993 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,993 sqft

Price per Sqft $549

MLS Listing ID 26654447

Bedrooms 7

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1928

Lot Size 3,528 Sqft

Property Description

1150 Laveta Terrace sits just above Sunset Blvd in the highly desirable Echo Park neighborhood. This beautiful 4-unit property allows an investor to acquire a stable investment opportunity with additional upside potential. The two-story, two-building property offers a strong unit mix of (1) 2 bed/2 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath units. Originally built in 1928 with a total living space of 2,993 SF and a 3,526 SF corner lot zoned RD2. The property is currently 100% occupied with an additional 25-30% upside in rents as units turn and are brought to market rents. Additionally, there are a total of 5 garage spaces, which can be converted into two ADU's that would boost the property valuation by over $500k. Prime Location in Echo Park, steps from neighborhood hotspots like El Moro, La Fe, Monty's, Quarter Sheet's, Dada Market, and Little Joy.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Private

Garage Spaces 5.0

Garage Description 5.0

Porch Rooftop

Total Parking Spaces 5

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5404021041

Special Listing Condition Standard

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Listed by Nicholas Fichera Figure 8 Realty #01932217

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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