$999,000
Prime Highland Park four-unit investment opportunity offering strong rental demand and value-add potential. Located at 5048–5050 E Echo Street, this Spanish Revival-style property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units located on each level. Each unit features a comfortable and functional layout with generous living space. The property has undergone recent plumbing upgrades and includes newer windows, providing added value and long-term reliability for investors. Situated on a LARD1.5 zoned lot, the property includes four detached garages located at the rear of the building, offering potential for ADU or Jr. ADU conversion to increase future income potential (buyer to verify with the City of Los Angeles). This configuration presents an attractive value-add opportunity for investors or developers seeking to enhance rental income over time. The property is ideally located near local parks, the Metro A Line, and Highland Park’s popular restaurants, cafés, shops, and nightlife. It also offers convenient access to Downtown Los Angeles, South Pasadena, and Pasadena, as well as major freeways including the 110, 5, and 134, making commuting throughout Los Angeles convenient. With its desirable location, strong rental demand, and future income potential, this property presents an excellent opportunity to acquire a multi-unit asset in one of Northeast Los Angeles’ most dynamic rental markets.
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Listed by Sheida Rezazadeh with Keller Williams R. E. Services (818) 432-3200
Property Type
Quadruplex
Status
Active
MLS Number
GD26054879
Year Built
1924
Lot Size
4,643 sq ft