
Los Angeles, California 90026
Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers. This unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers. Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF Both vacant lots on Fairbanks Pl are to be sold together. A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments.
Property is extensive renovation needed.
Built in 1923, this 100-year-old property shows no evidence of recent renovations. The kitchen and bathrooms are severely dated with visible rust and wear, and the interior features 1970s-style wood paneling and aged wall heaters. The listing's focus on 'development opportunity' and 'land value' confirms the structure requires a total rehab.
The property features an approximately 5% CAP rate, providing immediate and stable cash flow in the high-demand Echo Park and Westlake rental markets.
With a large 10,260 SF lot and the option to acquire two adjacent vacant lots, this property offers a rare opportunity for large-scale residential or mixed-use development.
Ideally situated near Downtown Los Angeles and Dodger Stadium with rapid access to the 101, 10, 5, and 110 freeways, ensuring high tenant desirability and long-term value.
Built in 1923, the existing 6-unit structure may require significant capital expenditures for maintenance, modern upgrades, or seismic retrofitting.
Maximizing the site's potential requires navigating complex Los Angeles zoning and permitting processes, which can be time-consuming and carry entitlement risks.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 6,546 | 4,165.789 |
| Lot Size | 10,266 | 6,696 |
| Price | $1.30M | $956.9K |
| Price per sq ft | $199 | $273 |
| Built year | 1923 | 1937 |
| HOA | $0 | $907 |
| Days on market | 77 | 134 |
Aug 24, 2026
$129,999
Initial Listing
Aug 24, 2026
$1,299,999
Initial Listing