2004 Echo Park Avenue, Los Angeles, California 90026, Los Angeles, 90026 - 6 bed, 3 bath
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Los Angeles, California 90026
This historically designated Triplex Asset represents a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,440,341 Fair Market Value by 6%. This valuation gap offers $90,341 in Instant Equity. With a Condition Rating of 4, the property provides significant upside through renovation and market-rate rent stabilization. Located near 8/10 rated schools like Clifford Street Elementary, the LARD3 zoning and Mills Act tax potential ensure long-term value protection. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2004 Echo Park Avenue Subject | $1,298,888* List Price | 6 | 3 | 2,480 | $544 | - |
A 2132 Branden Street Sold | $1,056,000 | 4 | 3 | 1,733 | $609 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, this property is functional and currently occupied but shows significant signs of age and deferred maintenance. The kitchen is highly outdated with 1980s-style cabinetry and missing appliances, while the living areas feature original hardwood floors with visible wear. The reliance on window AC units and dated wall heaters, along with the listing's emphasis on 'huge upside potential,' confirms that while the home is maintained, it requires substantial cosmetic and system updates to meet modern standards.
Known as 'The Queen of Elysian Heights,' this historically designated Queen Anne Victorian offers immense character and eligibility for the Mills Act, providing substantial property tax relief for the owner.
The triplex configuration with month-to-month tenancies at below-market rents, combined with LARD3 zoning, presents a rare value-add opportunity to increase rental income or further develop the property.
Situated on a prominent corner in the heart of Elysian Heights, the property boasts an exceptional walk score with immediate access to trendy cafes, local boutiques, and Echo Park’s most sought-after amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 7.
As a historically designated property, any renovations or maintenance must adhere to strict preservation standards, which can increase costs and limit architectural flexibility compared to non-designated homes.
With two units currently occupied at below-market rates, the transition to market-rate income or the execution of major renovations may be delayed by existing tenancy rights and relocation processes.
6 bed | 2 bath | 2,560 sq ft | Corner lot | Three-unit property | LARD3 zoning Welcome to one of the most storied corners in upper Elysian Heights. Sitting at Echo Park Ave and Ewing St, this Queen Anne Victorian is widely known as "The Queen of Elysian Heights" and is believed to be among the oldest homes on the avenue. A true storybook-style gem with huge upside potential. The property includes three units total: the main Victorian residence and a two-unit duplex, all set on a 4,046 sq ft corner lot with 3 parking spaces. Two units are currently occupied with month-to-month tenancies at below market rents, creating immediate income alongside meaningful upside for a future owner. Live in the main home and let your tenants offset the mortgage, or hold all three units as a long-term rental in one of the Eastside's most in-demand neighborhoods. The LARD3 zoning opens additional doors for the right buyer. As a historically designated property, the next owner may want to explore potential Mills Act property tax benefits. The Mills Act allows owners of qualified historic properties to receive significant property tax relief in exchange for a commitment to preserve and maintain the home's historic character. Buyers are encouraged to research eligibility and application requirements through the City of Los Angeles Office of Historic Resources. Elysian Heights puts you in the center of everything that makes Echo Park one of the most sought-after neighborhoods in Los Angeles. Walk to Elysian Heights Elementary Arts Magnet, grab coffee at Canyon Coffee or Valerie Echo Park, and enjoy neighborhood staples like Cookbook, Bacetti Trattoria, and Lady Byrd Cafe. Sunset Boulevard is just minutes away with its endless dining, arts, and nightlife. Echo Park Lake, Dodger Stadium, and local hiking trails are all at your doorstep, and the 101 and 2 freeways provide easy access across the city. Historical designation adds both character and long-term value protection. This is a rare opportunity to anchor yourself in a neighborhood where properties like this rarely come to market. Water/sewer is submetered and pid by tenant. Tenants pay their own electric/gas and are separately metered. Please do not disturb occupants. Call your Realtor today to schedule a tour and make an offer.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 93% |
| Baths | 3.0 | 0.0 | 86% |
| Square foot | 2,480 | 2,487 | 50% |
| Lot Size | 4,046 | 4,682 | 21% |
| Price | $1.30M | $1.21M | 64% |
| Price per sq ft | $524 | $485 | 57% |
| Built year | 1920 | 1922 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 193 | 7% |
Apr 10, 2026
$1,298,888
$1,350,000
-4% Price Drop
Initial Listing
Mar 22, 2026
$1,350,000
Initial Listing
Apr 29, 2022
$1,255,500
Public Record