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1925 Berkeley, Echo Park, California 90026, Echo Park, 90026 - bed, bath

1925 Berkeley, Echo Park, California 90026 home-pic-0
ACTIVE$1,250,000
1925 Berkeley, Echo Park, California 90026
0Bed
0Bath
3,758Sqft
7,469Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Investment Opportunity: A four-unit quadruplex generating strong rental income in the highly desirable and trending Echo Park area, adjacent to Silver Lake, making it an ideal asset for an investor's portfolio.
Top Cons:
Age of Property: Built in 1912, the property's age may imply potential for older infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditures in the future, despite current maintenance.

Compared to the nearby listings

Price:$1.25M vs avg $1.05M (+$200,000)73%
Size:3,758 sqft vs avg 2,564 sqft73%
Price/sqft:$333 vs avg $41027%

More Insights

Built in 1912 (113 years old).
Condition: Built in 1912, this property has undergone 'numerous upgrades' and appears well-maintained with clean, cosmetically updated interiors featuring modern flooring and recessed lighting in some areas. However, the lack of images for kitchens and bathrooms, which are critical areas for assessing condition and style, prevents a higher score. Given the age, it's likely that while functional, major systems and potentially these key rooms may show signs of being outdated or have not received full, recent renovations to meet current quality standards, aligning with the 'Fair' category's description of an aged but maintained home with functional but potentially outdated major components.
Year Built
1912
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
CV25231207
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

Walk to Dodger Stadium from your new investment property! Echo Park four-unit investment opportunity generating good rental income! Located in the most desired Echo Park area, adjacent to Silver Lake, this well-maintained multi-unit property is just 1 mile from Dodger Stadium just a 10 min walk! Surrounded by Los Angeles’ best dining, shopping, and entertainment, this central location makes it an ideal investment. The property features four units that are currently generating strong rental income, making it perfect for an investor looking to step into one of the most popular neighborhoods in Los Angeles. Each unit has been thoughtfully cared for with numerous upgrades, ensuring long-term value. Whether you’re expanding your portfolio or searching for a prime investment opportunity in L.A.’s most vibrant and trending communities, these Echo Park units are ready for its next owner. Here's a breakdown of unit's: The first unit features three-bedroom, two-bathroom. The second unit is two-bedroom, two-bathroom home, The third unit offers one bedroom and one bathroom and a deck with amazing view plus a bonus room used as a home office. Rounding out the property is a studio apartment with one bathroom and a full kitchen. Each unit provides its own unique appeal, making this property an excellent investment opportunity.

Nearby schools

2/10
Mayberry Street Elementary School
Public,•K-6•0.4mi
8/10
Clifford Street Elementary School
Public,•K-6•0.4mi
3/10
Elysian Heights Elementary School
Public,•K-6•0.7mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.0mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
/10
Lake Street Primary School
Public,•K-1•1.3mi
7/10
Dorris Place Elementary School
Public,•K-6•1.3mi
8/10
Allesandro Elementary School
Public,•K-6•1.3mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•1.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.7mi
2/10
Logan Street Elementary School
Public,•K-8•0.3mi
3/10
Sal Castro Middle School
Public,•6-8•1.5mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.5mi
5/10
Virgil Middle School
Public,•6-8•2.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.3mi
6/10
Irving STEAM Magnet
Public,•6-8•2.6mi
3/10
Belmont Senior High School
Public,•9-12•1.5mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
02/07/17
Sold
$190,000
07/01/16
Sold
$660,000
Condition Rating
Fair
Built in 1912, this property has undergone 'numerous upgrades' and appears well-maintained with clean, cosmetically updated interiors featuring modern flooring and recessed lighting in some areas. However, the lack of images for kitchens and bathrooms, which are critical areas for assessing condition and style, prevents a higher score. Given the age, it's likely that while functional, major systems and potentially these key rooms may show signs of being outdated or have not received full, recent renovations to meet current quality standards, aligning with the 'Fair' category's description of an aged but maintained home with functional but potentially outdated major components.
Pros & Cons

Pros

Prime Investment Opportunity: A four-unit quadruplex generating strong rental income in the highly desirable and trending Echo Park area, adjacent to Silver Lake, making it an ideal asset for an investor's portfolio.
Exceptional Location & Walkability: Centrally located in Los Angeles, offering excellent access to dining, shopping, and entertainment, with the significant advantage of being just a 10-minute walk (1 mile) to Dodger Stadium.
Well-Maintained with Upgrades: The property is described as well-maintained, and each unit has been thoughtfully cared for with numerous upgrades, suggesting good current condition and long-term value.
Diverse Unit Mix: Features a variety of unit configurations (3B/2B, 2B/2B, 1B/1B + bonus room, Studio), catering to a broad range of potential tenants and maximizing rental income potential.
Desirable Unit Features: Individual units offer attractive features such as a deck with an amazing view and a bonus room used as a home office, enhancing tenant appeal and potential rental rates.

Cons

Age of Property: Built in 1912, the property's age may imply potential for older infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditures in the future, despite current maintenance.
Lack of Dedicated Parking: The listing does not mention dedicated parking for four units, which is a significant drawback and potential challenge for tenants in a dense urban neighborhood like Echo Park.
Unspecified Upgrade Details: While 'numerous upgrades' are mentioned, the lack of specific details regarding the scope, recency, or type of these improvements makes it difficult for potential buyers to fully assess the property's true condition and future maintenance needs.

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