
Los Angeles, California 90039
This 1940s triplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,150,000. While the property is priced slightly above the $1,109,880 Fair Market Value, it remains a stable asset in the high-demand North Elysian Heights market. Featuring a Condition Rating of 4, the property offers significant value-add potential through modernization of its dated systems. With a detached three-car garage and a unique botanical compound layout, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a creative, income-generating hillside retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2051 Lake Shore Subject | $1,150,000* List Price | 0 | 0 | 1,782 | $623 | - |
A 1930 Blake Avenue Active Under Contract | $1,050,000 List Price | 4 | 3 | 1,368 | $768 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this triplex is well beyond the 20-year threshold for a 'Fair' rating. While it features some cosmetic updates like recessed lighting and refinished hardwoods, the presence of dated wall heaters, older single-pane windows, and 1980s/90s-era floor tile indicates the systems and kitchens are dated and require modernization.
The property features a detached three-car garage, a rare and highly coveted asset for multi-unit dwellings in the Echo Park and Silver Lake hillside neighborhoods.
The compound offers a 'secret garden' atmosphere with lush landscaping, tiered gardens, and private outdoor spaces for each unit, significantly increasing tenant appeal and rental premium.
Situated in the desirable North Elysian Heights, the property benefits from a quiet, creative community vibe while remaining close to the high-demand amenities of Los Angeles.
With only 1,782 total square feet divided among three units, the individual living spaces are quite small, which may limit the tenant pool to single occupants or couples.
The tiered hillside layout and 1940s construction may present accessibility challenges and require more frequent maintenance of retaining walls and exterior stairs.
Tucked into the lush, storied hillsides of North Elysian Heights, this one-of-a-kind 1940s triplex is so much more than an investment property — it's an entire world unto itself. Three separate addresses (2051, 2053 & 2053½) sit nestled among mature trees, cascading bougainvillea, and layered gardens that give the compound the feel of a private botanical sanctuary in the middle of Los Angeles. A Property That Tells a Story From the moment you step through the gated entry off Lake Shore Ave, the character is undeniable. A beautifully planted walkway lined with agave, tropical foliage, potted succulents, and white river rock leads you past the front building — a classic stucco structure with green-trimmed windows and a charming arched stained glass accent — and deeper into a lushly planted compound that unfolds like a series of secret garden rooms. String lights canopy the pathways between buildings, while each unit enjoys its own private outdoor space tailored with personality — brick patios, bamboo fencing, a shade sail courtyard furnished with wicker loungers and a canopy daybed, a putting green tucked alongside one of the units, and even an artist's mural gracing an exterior wall. This is the rare property where the outdoor spaces are as compelling as the interiors. The Buildings The front building fronts the street with classic 1940s stucco construction, green-trimmed windows, and a covered entry stair flanked by lush plantings. Behind it, the compound climbs the hillside through tiered gardens to a two-story rear structure with soaring exterior walls, generous windows, and a private balcony entry — a true treetop retreat. A detached three-car garage runs along the street frontage, offering exceptional parking that is virtually unheard of for a multi-unit property in this neighborhood. Each of the three units (2051, 2053, and 2053½) has its own distinct entry, outdoor area, and sense of privacy. The Location Elysian Heights is one of Los Angeles' best-kept secrets — a quiet, tree-canopied hillside community perched above Echo Park and Silver Lake, beloved by artists, creatives, and professionals drawn to its authentic neighborhood feel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,782 | 2,250 |
| Lot Size | 6,471 | 5,864 |
| Price | $1.15M | $826.7K |
| Price per sq ft | $645 | $395 |
| Built year | 1940 | 1925 |
| HOA | $0 | $0 |
| Days on market | 44 | 83 |
Jun 8, 2026
$1,150,000
Initial Listing