1129 Logan, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
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Los Angeles, California 90026
This Multi-Unit Development Asset is listed at $1,649,900, representing a strategic acquisition in the high-demand Echo Park market. While the price sits 9% above the $1,503,028 Fair Market Value, the valuation is justified by the 6,500 sqft lot and the verified potential to develop 4 total units. Currently holding a Fair Condition Rating, the 1909 residence offers a significant Value-Add opportunity near Echo Park Lake and Logan Street Elementary. This project is perfectly positioned for Developers and Value-Add Investors seeking to capitalize on the neighborhood's rapid growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1129 Logan Subject | $1,649,900* List Price | 3 | 2 | 1,372 | $1,096 | - |
A 1937 Delta Active | $1,800,000 List Price | 3 | 2 | 1,625 | $1,108 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this property is aged but appears to have been maintained. The kitchen features dated tile flooring, basic white cabinets, and functional but not modern appliances. Bathrooms are very simple and functional, but lack contemporary finishes. Hardwood floors throughout show wear, and while some updates like recessed lighting are present, the overall aesthetic and components suggest renovations were done some time ago (likely 15-30 years) and now require further modernization. The property is livable but needs significant cosmetic updates to meet current buyer expectations, aligning with the 'Fair' condition criteria.
The property offers significant development upside, with city approval for building 2 additional units in the back and adding to the main home, allowing for a potential total of 4 units, ideal for investors and builders.
Situated within walking distance to the iconic Echo Park Lake and close to vibrant parks, trendy cafes, boutiques, and cultural hubs, offering a highly desirable and walkable lifestyle.
The existing residence features a versatile layout with 3-4 bedrooms and 2 bathrooms, providing ample space and tremendous potential for renovation, expansion, or custom upgrades to suit various visions.
Built in 1909, the existing 'charming residence' likely requires substantial renovation, modernization, and potential infrastructure upgrades, implying significant additional investment beyond the purchase price.
While development potential is highlighted, the description advises buyers to 'check with the city for more information,' indicating that the full approval process and associated costs are the buyer's responsibility and not yet finalized.
The closest elementary/middle school, Logan Street Elementary, has a rating of 2, which could be a deterrent for potential owner-occupants with school-aged children seeking highly-rated local schools.
***EXCEPTIONAL INVESTMENT OPPORTUNITY IN ECHO PARK*** Located at 1129 Logan St, Los Angeles, CA 90026, this charming residence offers a unique opportunity for both homeowners and developers. Situated within walking distance to the iconic Echo Park Lake, the property provides a perfect blend of location, potential, and community vibe. The existing home features three generous bedrooms, an additional room suitable as a fourth bedroom, and two full bathrooms, providing ample space for comfortable living. Its versatile layout offers tremendous potential for renovation, expansion, or custom upgrades to suit your vision. ***Development Potential*** ACCORDING TO Senior Architect | Office of Historic Resources Los Angeles City Planning: City will allow new owner to build 2 additional units in the back of the property plus also add to the main Home. (Potential for 4 units in total) *Please check with the city for more information.* This property is ideal for investors or builders looking to capitalize on Echo Park’s dynamic growth. Zoning allows for the development of up to four additional units, making it a prime site to create a multi-unit residential complex. The neighborhood’s high demand for boutique, walkable living spaces ensures excellent prospects for rental income or future sale. Enjoy proximity to vibrant parks, trendy cafes, boutiques, and cultural hubs, all within a short walk. This property represents a rare chance to own a piece of one of Los Angeles’ most desirable neighborhoods with significant development upside. *** I WILL PROVIDE MORE INFORMATION FROM THE CITY OF ECHO PARK ABOUT DEVELOPING IF NEED IT *** ***Don’t miss this outstanding opportunity to invest, develop, and be part of Echo Park’s thriving community***
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,372 | 1,438.5 | 39% |
| Lot Size | 6,500 | 5,001 | 74% |
| Price | $1.65M | $1.40M | 61% |
| Price per sq ft | $1.2K | $942 | 76% |
| Built year | 1909 | 1926 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 169 | 53% |
Oct 30, 2025
$1,649,900
Initial Listing
May 6, 2022
$1,272,500
Public Record
Oct 7, 2019
$1,090,000
Public Record
Aug 5, 2015
$17,800,000
Public Record