5048 5050 E Echo Street, Los Angeles, California 90042, Los Angeles, 90042 - 0 bed, 0 bath
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Los Angeles, California 90042
This Spanish Revival Quadruplex presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well below the $1,402,980 Fair Market Value by 28%. This significant valuation gap offers $403,980 in Instant Equity for buyers. While currently in Fair Condition, the asset features key plumbing and window upgrades alongside four detached garages on a LARD1.5 zoned lot, signaling massive upside through ADU conversion and rent repositioning. Located in the high-demand Highland Park market, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5048 5050 E Echo Street Subject | $999,000* List Price | 0 | 0 | 3,648 | $385 | - |
A 148 S Avenue 53 Sold | $960,000 | 0 | 0 | 2,916 | $329 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1924 Spanish Revival quadruplex is in fair condition, characterized as a 'value-add' investment. While it has received some essential updates like newer windows and plumbing, the interiors are significantly dated. The kitchens feature older oak or dark wood cabinetry and laminate countertops, and the living areas show signs of wear with popcorn ceilings, older wall heaters, and worn carpeting. The property is functional and occupied but requires cosmetic and system modernization to meet current market standards.
Situated in the heart of Highland Park near York Boulevard and Figueroa Street, the property benefits from high rental demand in one of Northeast Los Angeles’ most trendy and accessible neighborhoods.
With rents currently well below market and four detached garages on a LARD1.5 zoned lot, there is substantial upside through rent repositioning and potential ADU or Jr. ADU conversions.
The property features recent plumbing upgrades and newer windows, providing essential modernization to a 1924 Spanish Revival building and reducing immediate capital expenditure requirements.
The current monthly rental income of $3,700 is low relative to the $999,000 list price, resulting in a thin initial cap rate that requires a long-term strategy to achieve market-rate returns.
The 'drive-by only' restriction and presence of long-term tenants may complicate the initial due diligence process and the timeline for implementing necessary renovations or unit turnovers.
Prime value-add four-unit investment opportunity located in the highly desirable Highland Park neighborhood. Situated at 5048–5050 E Echo Street, this Spanish Revival-style property offers strong rental demand and long-term upside potential in one of Northeast Los Angeles’ most dynamic markets. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units located on each level. Each unit features a comfortable and functional layout with generous living space. The property has undergone recent plumbing upgrades and includes newer windows, providing added value and long-term reliability. Currently generating approximately $3,700 per month in rental income, the property is tenant-occupied with long-term residents. Current rents are below market, presenting a compelling opportunity for future rental growth and repositioning (buyer to verify). Situated on a LARD1.5 zoned lot, the property includes four detached garages at the rear, offering potential for ADU or Jr. ADU conversion to further increase income potential (buyer to verify with the City of Los Angeles). Ideally located near York Boulevard and Figueroa Street, the property is close to Highland Park’s popular restaurants, cafés, shops, nightlife, local parks, and the Metro A Line. It also offers convenient access to Downtown Los Angeles, South Pasadena, and Pasadena, as well as major freeways including the 110, 5, 134, and 210, providing excellent connectivity throughout the region. With its desirable location, strong rental demand, and value-add potential, this property presents an excellent opportunity for investors seeking to enhance returns and build long-term equity. Drive-by only. Please do not disturb occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,648 | 1,800 | 89% |
| Lot Size | 4,644 | 5,025 | 22% |
| Price | $999.0K | $925.0K | 78% |
| Price per sq ft | $274 | $508 | 11% |
| Built year | 1924 | 1923 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 152 | 11% |
Mar 16, 2026
$999,000
Initial Listing