
Los Angeles, California 90039
This High-Potential Investment Opportunity features three detached residences on an LR4-zoned lot in Echo Park. Listed at $1,995,000, the property is priced slightly above the $1,963,832 Fair Market Value. Boasting a Turnkey Condition Rating, these newly renovated units offer modern kitchens and in-unit laundry, ensuring minimal capital expenditure. With a documented rental history and detached layouts, this asset provides significant flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand urban location near Silver Lake and Downtown Los Angeles.
Property is new construction or fully renovated.
The property is a newly renovated turnkey investment featuring modern kitchens with updated appliances, contemporary bathrooms, and mini-split HVAC systems, qualifying as a high-end renovation under 5 years old.
The property features three fully detached residences with no shared walls and private outdoor spaces, offering a rare level of privacy and autonomy for tenants or owner-users in a dense urban market.
Newly renovated with modern kitchens, updated appliances, and in-unit laundry, these residences provide a move-in-ready investment with minimal immediate capital expenditure required.
Situated on an LR4-zoned lot near Silver Lake and Downtown LA, the property is positioned in a high-demand rental submarket with significant long-term appreciation and development potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1730, other record living area = 1264.
Two of the three units are leased through December 31, 2026, which limits immediate flexibility for owner-occupiers and delays the ability to reset those units to current market rental rates.
With a total of 1,730 square feet divided among three units, the average interior footprint is relatively small, which may limit appeal for tenants seeking more spacious accommodations.
**Three newly renovated, detached residences on one LR4-zoned lot in Echo Park.** The property includes two bungalows at 2142 and 2144 Fargo Street, plus a third detached unit behind 2144, all offered together. No shared walls. Each residence features private outdoor space, off-street parking, in-unit laundry, updated appliances, and modern kitchens. A turnkey investment opportunity with a strong documented rental history and flexible owner-user or income-producing potential. The residences at 2144 Fargo Street are leased through December 31, 2026, with vacant delivery thereafter. Conveniently located near Downtown Los Angeles, Echo Park, and Silver Lake. Buyer to independently verify square footage (lot and structure) and all MLS information. Broker does not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/ dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,730 | 2,090.331 |
| Lot Size | 7,469 | 5,852.908 |
| Price | $2.00M | $830.9K |
| Price per sq ft | $1.2K | $394 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 18 | 87 |
Oct 22, 2026
$1,995,000
Initial Listing
Mar 11, 2024
$2,200,000
Public Record
Nov 1, 2019
$785,000
Public Record