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The Warburton Team Brokered By EXp

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

$1,200,000

Est. payment - /mo

3,110 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26216405

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 3,110 Sqft

Property Sub-Type Duplex

Property Description

1029 Lord Street is a 2024-built single-family residence + attached ADU offering strong in-place income, modern construction, and exceptional flexibility just east of Downtown Los Angeles.

The property features a 4-bedroom / 3-bath main residence and 3-bedroom / 2-bath ADU, totaling approximately 2,539 square feet. The main residence currently operates as a successful short-term rental, historically generating approximately $5,500–$6,500 per month with less than 9% vacancy and is fully booked for the next three months, while the ADU is currently leased for $2,780 per month.

Offering multiple ownership strategies, a buyer can continue the existing short-term rental operation, transition the main residence to a traditional long-term rental, or potentially take delivery vacant for owner occupancy while retaining income from the ADU. This versatility creates an attractive opportunity for investors seeking immediate cash flow as well as owner-users looking to offset their housing costs with rental income.

The property is thoughtfully designed with modern finishes, stainless steel appliances, central air and heat, in-unit laundry, two parking spaces, and separately metered utilities, providing the benefits and ease of newer construction.

Ideally situated in L.A.'s Central Eastside, 1029 Lord offers convenient access to the DTLA Arts District, Downtown Los Angeles, Echo Park, Silver Lake and surrounding employment and entertainment hubs. With established income, newer construction, and multiple potential rental strategies, 1029 Lord offers a rare level of flexibility for its next owner.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Interior Features Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Fence Good Condition

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Total Parking Spaces 2

Private Pool No

Building

Lot Description Landscaped, Level, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5201018008

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Cheyenne Womack Myunits.com Inc. 805-973-7470, DRE #02064825

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1029 Lord ST Los Angeles, CA 90033