1150 Laveta Ter, Los Angeles, CA 90026
1150 Laveta Ter, Los Angeles, CA 90026
1150 Laveta Ter, Los Angeles, CA 90026
18
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$1,645,000
Est. payment /mo
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7 Beds
5 Baths
2,993 SqFt
Price Dropped by $50K

1150 Laveta Ter Los Angeles, CA 90026

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

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

Year Built 1928

Lot Size 3,527 Sqft

Acres 0.081

Property Sub-Type Multi-Family

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 Silver Lake - Echo Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Mixed

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Garage - 4+ Car, Garage Is Attached, Private Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Figure 8 Realty

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

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+1(718) 679-7822

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1150 Laveta Ter