1150 Laveta TER, Los Angeles, CA 90026
1150 Laveta TER, Los Angeles, CA 90026
1150 Laveta TER, Los Angeles, CA 90026
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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Shiv Patel

Shiv Patel

+1(949) 565-2691
$ 1,645,000
Est. payment | /mo

7 Beds

5 Baths

2,993 SqFt

Save
$ 1,645,000
Est. payment | /mo
Save

7 Beds

5 Baths

2,993 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nicholas Fichera Figure 8 Realty #01932217

Nearby Locations

Shiv Patel

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

+1(949) 565-2691

shiv@realestatewithshiv.com

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