
Los Angeles, California 90026
Turnkey 7-Unit Mixed-Use Investment | 10 Cap Rate Welcome to 1357 W Temple Street — a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of Los Angeles's most dynamic and rapidly appreciating eastside neighborhoods. This professionally maintained property features four studio units upstairs, plus a downstairs one-bedroom, one-bath unit and two office spaces with an additional bath — the latter offering excellent potential for conversion to residential use, creating additional upside beyond current income. Built in 1912 and thoughtfully modernized over the last 15 years — including roof, plumbing, and electrical updates — the property combines character with functional, income-ready infrastructure. Investment Highlights: 10 CAP rate on current rents, with pro forma upside exceeding 13 CAP Rate Seven units total — flexible mixed-use configuration with residential conversion potential Turnkey condition with recent roof, plumbing, and electrical upgrades Zoned LACW Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is within walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown Los Angeles, Disney Hall, and the Arts District. The surrounding corridor continues to see strong demand from creative, wellness, and media tenants, supporting sustained rental growth and long-term appreciation in a supply-constrained market. Link for OM / Property info / expenses: Call Jason Kim for more info
Property is move-in ready.
Although built in 1912, the property has been modernized within the last 15 years with updates to the roof, plumbing, and electrical systems. Interior images confirm a turnkey condition with updated laminate flooring, recessed lighting, and modern bathroom vanities and fixtures, meeting the criteria for a well-maintained, move-in ready investment.
The property boasts a rare 10% current Cap Rate with a pro forma upside exceeding 13%, offering significantly higher returns than typical multi-family assets in the Los Angeles market.
The flexible mixed-use configuration includes two office spaces with residential conversion potential, providing a clear path to increase density and maximize rental income.
Situated on a high-traffic signalized corner at the crossroads of Echo Park and Silver Lake, the property benefits from excellent visibility and proximity to major employment hubs and freeways.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1, other record living area = 2669.
With a lot size of only 2,992 square feet for seven units, the property likely lacks sufficient on-site parking and private outdoor space, which may impact tenant retention.
Despite recent modernization of major systems, the 1912 construction date suggests potential for higher long-term maintenance costs associated with century-old structural elements.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 1 | 4,165.789 |
| Lot Size | 2,992 | 6,696 |
| Price | $1.20M | $956.9K |
| Price per sq ft | $1.20M | $273 |
| Built year | 1912 | 1937 |
| HOA | $0 | $907 |
| Days on market | 108 | 134 |
Aug 14, 2026
$1,199,999
$1,020,000
+18% Price Increase
Initial Listing
Jul 24, 2026
$1,020,000
Initial Listing