1303 Lilac Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90026
Analysis of 1303 Lilac Terrace, Los Angeles, California 90026 is currently available with a list price of $4,300,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1923, this multi-unit bungalow court is aged but functional. While the description mentions a $50,000 remodel, this amount spread across 10 units suggests only minor cosmetic updates rather than a full renovation. The property retains original features like oak hardwood floors and tiled counters, and the exterior images show weathered concrete and dated fixtures consistent with a property that is maintained through regular upkeep but remains largely outdated.
Situated on a rare 21,717 square foot lot with LARD 1.5 zoning, this property offers substantial room for expansion or the addition of new units in the high-demand Echo Park market.
The 10 individual Spanish-style bungalows provide a private, residential feel with separate meters and private yards, a highly desirable layout that attracts quality tenants and commands premium rents.
With a solid 5.1% current CAP rate and all tenants on month-to-month leases, there is an immediate opportunity to increase rental income to reflect current market values in a gentrifying area.
As a collection of 10 separate structures built in 1923, the property carries higher long-term maintenance risks and capital expenditure requirements for multiple roofs, foundations, and plumbing systems.
Many of the immediate neighborhood schools are rated poorly (ranging from 2 to 4), which may limit the property's appeal to families and impact long-term tenant stability for the larger units.
A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Don’t miss this opportunity!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,975 | 6,987.5 | 50% |
| Lot Size | 21,718 | 13,706 | 50% |
| Price | $4.30M | $3.70M | 50% |
| Price per sq ft | $720 | $554 | 50% |
| Built year | 1923 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 183 | 50% |
Jan 22, 2026
$4,300,000
Initial Listing
Oct 16, 2000
$315,000
Public Record
Jun 25, 1998
$300,000
Public Record