843 Laveta Terrace, Echo Park, California 90026, Echo Park, 90026 - bed, bath
ACTIVE$1,250,000
843 Laveta Terrace, Echo Park, California 90026
0Bed
0Bath
1,605Sqft
6,662Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: This property is a two-on-a-lot duplex, offering a significant investment opportunity with potential for strong rental income in a high-demand area.
Top Cons:
Front Unit Requires Remodel: The front house is a 2BR/1BA unit that is explicitly stated as 'ready for a remodel,' indicating a need for significant capital investment from the buyer.
Compared to the nearby listings
Price:$1.25M vs avg $1.05M (+$200,000)73%
Size:1,605 sqft vs avg 2,564 sqft18%
Price/sqft:$779 vs avg $41991%
More Insights
Built in 1949 (76 years old).
Condition: This duplex, built in 1949, presents a mixed condition. While the back house has been 'remodeled' and appears livable with hardwood floors, its kitchen (green cabinets, older appliances, vinyl flooring) and bathroom (pedestal sink, dated tub/shower) are functional but significantly outdated. The front house, however, is explicitly stated as 'ready for a remodel,' and images confirm its kitchen is in very poor condition with missing cabinet components and old flooring, requiring substantial rehabilitation. The overall age of the property suggests older major systems, and the need for a full remodel in one unit brings the property's overall condition down to 'poor'.
Year Built
1949
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$779
HOA
-
Days on market
-
Sold On
-
MLS number
WS25222883
Home ConditionPoor
Features
View-
About this home
Charming two-on-a-lot duplex in the heart of Echo Park's Angelino Heights! These two detached homes offer a tremendous investment opportunity in one LA's most coveted neighborhoods. The back house is legally a 2BR/1BA but has a bonus room that could act as an office or 3rd bedroom. It has been remodeled with a beautiful kitchen. The front house is a 2BR/1BA unit is ready for a remodel and your creativity! The grounds includes a lovely outdoor space with mature avocado, lemon, and grapefruit trees. Both homes have individual washer/dryer hookups, and dedicated parking, with all utilities separately metered. This property represents a prime opportunity to enhance your real estate portfolio. Situated in a sought-after neighborhood with strong rental demand and located just moments from Echo Park Lake, many shops and restaurants on Sunset Blvd, Dodger Stadium, Downtown LA and much more.
Condition Rating
Poor
This duplex, built in 1949, presents a mixed condition. While the back house has been 'remodeled' and appears livable with hardwood floors, its kitchen (green cabinets, older appliances, vinyl flooring) and bathroom (pedestal sink, dated tub/shower) are functional but significantly outdated. The front house, however, is explicitly stated as 'ready for a remodel,' and images confirm its kitchen is in very poor condition with missing cabinet components and old flooring, requiring substantial rehabilitation. The overall age of the property suggests older major systems, and the need for a full remodel in one unit brings the property's overall condition down to 'poor'.
Pros & Cons
Pros
Income-Generating Duplex: This property is a two-on-a-lot duplex, offering a significant investment opportunity with potential for strong rental income in a high-demand area.
Prime Location: Situated in the heart of Echo Park's Angelino Heights, one of LA's most coveted neighborhoods, with strong rental demand and proximity to Echo Park Lake, Sunset Blvd, Dodger Stadium, and Downtown LA.
Separately Metered Utilities: Both homes feature individual washer/dryer hookups, dedicated parking, and all utilities are separately metered, simplifying management and increasing tenant appeal.
Partially Remodeled Unit: The back house has been remodeled with a beautiful kitchen and includes a bonus room, offering immediate rental income or comfortable living for one unit.
Charming Outdoor Space: The grounds include a lovely outdoor space with mature avocado, lemon, and grapefruit trees, enhancing curb appeal and tenant enjoyment.
Cons
Front Unit Requires Remodel: The front house is a 2BR/1BA unit that is explicitly stated as 'ready for a remodel,' indicating a need for significant capital investment from the buyer.
Age of Property: Built in 1949, the property may have older infrastructure and systems, potentially leading to higher maintenance costs or the need for updates beyond the front unit's remodel.
Renovation Costs: The necessity to remodel the front unit implies substantial upfront renovation costs, which will add to the overall investment beyond the purchase price.