1016 Waterloo Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

1016 Waterloo Street, Los Angeles, California 90026 home-pic-0
ACTIVE$1,999,999
1016 Waterloo Street, Los Angeles, California 90026
0Bed
0Bath
3,328Sqft
7,501Lot
Year Built
1914
Close
-
List price
$2M
Original List price
$2.15M
Price/Sqft
$601
HOA
-
Days on market
-
Sold On
-
MLS number
SR24217083
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $2.00M(91th), sqft - 3328(55th), beds - undefined(50th), baths - undefined(50th).

Welcome to this beautifully restored Duplex Craftsman home in the heart of Echo Park, where timeless charm meets modern living. This property features two spacious units, each offering its own distinct character and appeal. The first unit, at 1018 Waterloo St., includes 5 bedrooms and 3 bathrooms, boasting a remodeled kitchen with granite countertops, stainless steel appliances, and updated bathrooms. A second-floor terrace offers stunning downtown views, making it the perfect space for relaxation or entertaining. The second unit, located at 1016 Waterloo St., is legally listed as a 5-bedroom unit by the tax assessor but currently shows 4 bedrooms and 3 bathrooms. It features an open floor plan with coffered ceilings and craftsman wainscoting, classic details that add warmth and charm to the home. Modern upgrades include abundant recessed lighting and new electrical systems, blending contemporary convenience with vintage appeal. The inviting front porch sets a welcoming tone for the property, ideal for enjoying morning coffee or chatting with neighbors. Inside, both units have floor plans that flow seamlessly. The living room, featuring a gas-burning fireplace framed by a classic mantel and wood details, connects effortlessly to the spacious family room and dining area—perfect for gatherings. The remodeled kitchens in both units maintain their vintage charm while incorporating modern touches, and the updated bathrooms add a luxurious feel. Expansive terraces, part of the 2023 permitted additions, offer breathtaking downtown views, providing the perfect spot to enjoy sunsets. This property is ideal for a growing family or for hosting guests. In a neighborhood where parking is scarce, the secured space for up to 8 cars is a rare and valuable feature. Located in a highly walkable neighborhood (with a 95/100 Walk Score), this home is near Echo Park Lake, Dodger Stadium, Sunset Junction, and just a 5-minute Uber ride to Downtown LA. Delivered without occupants, the units are separately metered, providing flexibility for an owner-occupant or an incredible opportunity for investors to maximize cash flow through rental income. Whether you’re looking for a forever home or a smart investment, this duplex offers the best of both worlds—low-maintenance living in one of LA’s most desirable neighborhoods. Don’t miss the chance to own a piece of Echo Park’s charm with modern conveniences!

Nearby schools

5/10
Rosemont Avenue Elementary School
Public,K-50.4mi
2/10
Mayberry Street Elementary School
Public,K-60.5mi
/10
Lake Street Primary School
Public,K-10.7mi
5/10
Micheltorena Street Elementary School
Public,K-50.9mi
8/10
Clifford Street Elementary School
Public,K-61.0mi
4/10
Betty Plasencia Elementary School
Public,K-61.0mi
3/10
Elysian Heights Elementary School
Public,K-61.3mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,K-61.4mi
6/10
Castelar Street Elementary School
Public,K-51.8mi
8/10
Allesandro Elementary School
Public,K-61.9mi
7/10
Dorris Place Elementary School
Public,K-61.9mi
7/10
Solano Avenue Elementary School
Public,K-62.0mi
2/10
Logan Street Elementary School
Public,K-80.5mi
3/10
Sal Castro Middle School
Public,6-81.2mi
5/10
Virgil Middle School
Public,6-81.4mi
6/10
Thomas Starr King Middle School
Public,6-81.5mi
5/10
Florence Nightingale Middle School
Public,6-82.8mi
6/10
Irving STEAM Magnet
Public,6-83.1mi
3/10
Belmont Senior High School
Public,9-121.2mi
8/10
John Marshall Senior High School
Public,9-122.2mi

Price History

Date
Event
Price
12/06/01
Sold
$255,000
09/18/95
Sold
$163,000
11/17/94
Sold
$129,000
Condition Rating
Excellent

Despite being built in 1914, this duplex has undergone extensive and very recent renovations, including 'beautifully restored' interiors, 'remodeled kitchens with granite countertops, stainless steel appliances,' 'updated bathrooms,' 'new electrical systems,' and '2023 permitted additions.' These upgrades bring the property to a virtually new condition, blending vintage charm with modern amenities and meeting current quality standards, aligning perfectly with the 'Excellent' criteria for a fully renovated property within the last 5 years. The only minor consideration is the lack of central air conditioning, but this does not detract from the overall high quality of the recent renovations.
Pros & Cons

Pros

Income Potential & Flexibility: As a duplex with separately metered units delivered vacant, this property offers exceptional flexibility for an owner-occupant to generate rental income or for an investor to maximize cash flow, a highly desirable feature in the Los Angeles market.
Prime Location & Walkability: Situated in the highly sought-after Echo Park neighborhood with an impressive 95/100 Walk Score, the property boasts proximity to key attractions like Echo Park Lake, Dodger Stadium, Sunset Junction, and a short commute to Downtown LA.
Extensive Modern Renovation: The property has been beautifully restored, blending timeless Craftsman charm with modern living through remodeled kitchens, updated bathrooms, new electrical systems, abundant recessed lighting, and permitted additions from 2023.
Rare Ample Parking: A significant advantage in a dense urban area like Echo Park, the secured parking space for up to 8 cars is a rare and valuable amenity that greatly enhances the property's appeal and functionality.
Breathtaking City Views: Expansive terraces, including a second-floor terrace, offer stunning and breathtaking downtown views, providing an elevated living experience and adding significant aesthetic and market value.

Cons

Age-Related Maintenance Concerns: Despite extensive renovations, the property's 1914 construction year suggests potential for ongoing maintenance or unforeseen issues with original structural components, plumbing, or roofing not explicitly detailed as new.
Lack of Central Air Conditioning: The property description does not mention a central air conditioning system, which can be a significant drawback for comfort during hot Los Angeles summers and may require future investment.
Bedroom Count Discrepancy: The second unit is legally listed as 5 bedrooms by the tax assessor but currently shows 4 bedrooms, which could lead to confusion or perceived value discrepancies for potential buyers.

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