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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$899,000

Est. payment - /mo

4,643 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD26054879

HOA Y/N No

Year Built 1924

Lot Size 4,643 Sqft

Property Sub-Type Quadruplex

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 to verify with the City of Los Angeles).

Ideally positioned near the vibrant York Boulevard and Figueroa Street corridors, the property is surrounded by Highland Park's popular restaurants, coffee shops, boutiques, nightlife, art venues, and local parks. Convenient access to the Metro A Line and major freeways including the 110, 5, 134, and 210 allows for easy commuting to Downtown Los Angeles, Pasadena, South Pasadena, Glendale, and surrounding areas.

With strong rental demand, desirable zoning, classic architectural appeal, and substantial upside potential, this is an outstanding opportunity for investors seeking to enhance cash flow and build long-term equity in a premier Los Angeles rental market.

Drive-by only. Please do not disturb occupants.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD 1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside, Laundry Closet

Exterior

Parking Features Direct Access, Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Barbed Wire

Pool None

Community Features Biking, Park, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Spanish Tile

Accessibility Safe Emergency Egress from Home

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5468008002

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard, Trust

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Listed by Sheida Rezazadeh Keller Williams R. E. Services SheidaR@kw.com, DRE #01925670

NEARBY SCHOOL & BUSINESS

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5048 E Echo ST Los Angeles, CA 90042