843 Laveta Terrace, Echo Park, California 90026, Echo Park, 90026 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$1,199,000$1,605/sqft
843 Laveta Terrace, Echo Park, California 90026
4Beds
2Baths
1,605Sqft
6,662Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Opportunity: This two-on-a-lot duplex offers a tremendous investment opportunity in a highly sought-after neighborhood with strong rental demand, ideal for portfolio enhancement or owner-occupancy with rental income.
Top Cons:
Front Unit Requires Renovation: The front 2BR/1BA unit is explicitly stated as 'ready for a remodel,' indicating a significant upfront investment and creative effort required from the buyer.
Compared to the nearby listings
Price:$1.20M vs avg $1.05M (+$149,000)67%
Size:1,605 sqft vs avg 2,564 sqft17%
Price/sqft:$747 vs avg $42392%
More Insights
Built in 1949 (77 years old).
Condition: This duplex, built in 1949, presents a mixed condition. While the back unit has a 'remodeled' kitchen, images reveal dated green painted cabinets, older appliances (built-in oven, white fridge), and linoleum flooring, suggesting a budget or older renovation. The bathroom in the back unit is very basic and shows signs of age. The front unit is explicitly described as 'ready for a remodel,' and images confirm this with very worn carpet, dirty walls, an empty kitchen with missing cabinet doors, and a severely outdated bathroom with green tiled walls. The exterior of the front unit also shows significant deferred maintenance with peeling paint and damaged siding. Given that one unit requires substantial rehabilitation and the other, while livable, has an older, basic renovation, the overall property condition falls into the 'Poor' category.
Year Built
1949
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$747
HOA
-
Days on market
-
Sold On
-
MLS number
WS25279120
Home ConditionPoor
Features
Patio
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.
T
Travis Ely
Listing Agent
Condition Rating
Poor
This duplex, built in 1949, presents a mixed condition. While the back unit has a 'remodeled' kitchen, images reveal dated green painted cabinets, older appliances (built-in oven, white fridge), and linoleum flooring, suggesting a budget or older renovation. The bathroom in the back unit is very basic and shows signs of age. The front unit is explicitly described as 'ready for a remodel,' and images confirm this with very worn carpet, dirty walls, an empty kitchen with missing cabinet doors, and a severely outdated bathroom with green tiled walls. The exterior of the front unit also shows significant deferred maintenance with peeling paint and damaged siding. Given that one unit requires substantial rehabilitation and the other, while livable, has an older, basic renovation, the overall property condition falls into the 'Poor' category.
Pros & Cons
Pros
Prime Investment Opportunity: This two-on-a-lot duplex offers a tremendous investment opportunity in a highly sought-after neighborhood with strong rental demand, ideal for portfolio enhancement or owner-occupancy with rental income.
Coveted Echo Park Location: Situated in the heart of Echo Park's Angelino Heights, the property boasts proximity to Echo Park Lake, Sunset Blvd shops and restaurants, Dodger Stadium, and Downtown LA, enhancing its desirability and value.
Remodeled Back Unit: The back house features a beautifully remodeled kitchen and a bonus room, offering immediate move-in readiness or attractive rental potential for one of the units.
Independent Unit Functionality: Both detached homes benefit from individual washer/dryer hookups, dedicated parking, and separately metered utilities, simplifying management and tenant responsibilities.
Charming Outdoor Space: The property includes a lovely outdoor area with mature avocado, lemon, and grapefruit trees, providing aesthetic appeal and a desirable amenity for residents.
Cons
Front Unit Requires Renovation: The front 2BR/1BA unit is explicitly stated as 'ready for a remodel,' indicating a significant upfront investment and creative effort required from the buyer.
Property Age: Built in 1949, the property's age suggests potential for outdated systems, deferred maintenance, or the need for modern upgrades beyond the front unit's stated remodel.
Lack of Views: The property description explicitly states 'view: None,' which could be a drawback in a desirable Los Angeles neighborhood where scenic views often command a premium.