
Los Angeles, California 90026
This High-Potential Investment Opportunity features two detached homes on one lot, listed at a List Price of $1,199,750—positioned well below the $1,437,791 Fair Market Value by 16%. This valuation gap provides $238,041 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic updates to aging systems, yet offers significant rental demand in Echo Park. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income while capitalizing on long-term appreciation.
Property is moderate renovation needed.
Originally built in 1900, the property shows interior renovations (tile flooring and oak cabinetry) that appear to be 20-30 years old. While functional and currently habitable, the kitchens and bathrooms are significantly dated, and the exterior exhibits peeling paint and deferred maintenance. It requires cosmetic updates and a thorough inspection of aging systems.
The property features two detached homes on a single lot, providing an exceptional opportunity for rental income, multigenerational living, or an owner-user setup in a high-demand rental market.
Situated in the heart of one of Los Angeles' most sought-after neighborhoods, the property offers immediate proximity to trendy restaurants, cafes, and Echo Park Lake, ensuring strong long-term appreciation.
With a total of 7 bedrooms and 4 bathrooms across two units, this property offers significant living capacity and utility, making it a highly attractive asset for investors looking to maximize occupancy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Built in 1900, the property may require substantial maintenance or upgrades to aging systems such as plumbing, electrical, and foundation to meet modern building standards.
With 7 bedrooms packed into just 2,165 square feet of living area, the individual room sizes and common spaces are likely quite small, which may limit appeal for families seeking spacious interiors.
Nestled in the heart of Echo Park, this rare property offers two detached homes on one lot, each with its own private entrance, creating an exceptional opportunity for homeowners, investors, or multigenerational living. The front residence features 4 spacious bedrooms and 2 bathrooms, offering a functional layout with generous living spaces filled with natural light. The back home includes 3 bedrooms and 2 bathrooms, providing privacy and comfort with its own separate entrance and independent living area. Whether you're looking to live in one home while generating rental income from the other, accommodate extended family, or add a valuable asset to your investment portfolio, this versatile property offers endless possibilities. Ideally located near Echo Park's popular restaurants, cafés, parks, and vibrant neighborhood attractions, you'll enjoy the perfect blend of urban convenience and residential charm. This home also features a basement, providing valuable bonus space for storage. Whether you need room for seasonal decorations, outdoor gear, tools, or household essentials, the basement offers a convenient place to keep everything organized while freeing up living space throughout the home. Don't miss this unique opportunity to own two separate homes on one lot in one of Los Angeles' most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 5.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,165 | 2,250 |
| Lot Size | 5,730 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $554 | $395 |
| Built year | 1900 | 1925 |
| HOA | $0 | $0 |
| Days on market | 7 | 83 |
Jul 15, 2026
$1,199,750
Initial Listing
Jan 30, 2001
$178,000
Public Record