843 Laveta Terrace, Echo Park, California 90026, Echo Park, 90026 - bed, bath
ACTIVE UNDER CONTRACT$1,195,000$1,605/sqft
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:
Duplex Investment Opportunity: This two-on-a-lot duplex offers a significant investment opportunity, providing potential for rental income from two detached homes in a highly desirable area.
Top Cons:
Front Unit Requires Remodel: The front 2BR/1BA unit is explicitly stated as 'ready for a remodel,' indicating a significant upfront investment and effort required from the buyer.
Compared to the nearby listings
Price:$1.20M vs avg $1.05M (+$145,000)67%
Size:1,605 sqft vs avg 2,564 sqft17%
Price/sqft:$745 vs avg $42392%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this duplex presents a mixed bag. While the back unit has been 'remodeled' with a functional kitchen and basic bathroom, the style of these updates (e.g., green painted cabinets, linoleum flooring in the kitchen, older fixtures) suggests a renovation that is 15-25+ years old, not meeting current quality standards. The front unit, as explicitly stated in the description and clearly visible in the images, is in very poor condition, requiring a complete remodel for both the kitchen (missing components, very dated cabinets) and bathroom (old green tiles, outdated fixtures). The exterior of the front unit also shows significant deferred maintenance with peeling paint. Overall, the property requires substantial repairs and rehabilitation to bring both units up to a desirable living standard, particularly the front unit.
Year Built
1949
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$745
HOA
-
Days on market
-
Sold On
-
MLS number
WS25281030
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.
T
Travis Ely
Listing Agent
Condition Rating
Poor
Built in 1949, this duplex presents a mixed bag. While the back unit has been 'remodeled' with a functional kitchen and basic bathroom, the style of these updates (e.g., green painted cabinets, linoleum flooring in the kitchen, older fixtures) suggests a renovation that is 15-25+ years old, not meeting current quality standards. The front unit, as explicitly stated in the description and clearly visible in the images, is in very poor condition, requiring a complete remodel for both the kitchen (missing components, very dated cabinets) and bathroom (old green tiles, outdated fixtures). The exterior of the front unit also shows significant deferred maintenance with peeling paint. Overall, the property requires substantial repairs and rehabilitation to bring both units up to a desirable living standard, particularly the front unit.
Pros & Cons
Pros
Duplex Investment Opportunity: This two-on-a-lot duplex offers a significant investment opportunity, providing potential for rental income from two detached homes in a highly desirable area.
Prime Echo Park Location: Situated in the heart of Echo Park's Angelino Heights, the property benefits from strong rental demand and proximity to Echo Park Lake, Sunset Blvd shops/restaurants, Dodger Stadium, and Downtown LA.
Separately Metered Utilities & Dedicated Parking: Both homes feature individual washer/dryer hookups, dedicated parking, and all utilities are separately metered, simplifying management and tenant responsibilities.
Remodeled Back Unit: The back house has been recently remodeled with a beautiful kitchen and includes a bonus room, offering immediate move-in readiness or higher rental potential.
Charming Outdoor Space: The property boasts a lovely outdoor space with mature avocado, lemon, and grapefruit trees, enhancing its appeal and providing a pleasant environment.
Cons
Front Unit Requires Remodel: The front 2BR/1BA unit is explicitly stated as 'ready for a remodel,' indicating a significant upfront investment and effort required from the buyer.
Age of Property: Built in 1949, the property's age suggests potential for outdated systems, deferred maintenance, or the need for comprehensive updates beyond the front unit's remodel.
Lack of Mentioned Cooling System: The description does not specify the presence of a cooling system, which could be a drawback for tenants or owners during warmer months in Los Angeles.