843 Laveta Terrace, Echo Park, California 90026, Echo Park, 90026 - bed, bath
843 Laveta Terrace
Echo Park, California 90026
Property Price
SUMMARY
Analysis of 843 Laveta Terrace, Echo Park, California 90026 is currently available with a list price of $1,195,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Echo Park Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1949, this duplex features one unit (front house) explicitly stated to be 'ready for a remodel,' which is confirmed by images showing a very old, partially dismantled kitchen and a severely outdated bathroom. The other unit (back house), while described as 'remodeled,' has a dated kitchen with painted green cabinets, older white appliances, linoleum flooring, and a very dated bathroom with a pedestal sink and old tiles. The overall property requires substantial repairs and rehabilitation, particularly for the front unit, and significant updates for the back unit, aligning with a 'poor' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Opportunity
This duplex offers a tremendous investment opportunity in Echo Park's highly coveted Angelino Heights, a neighborhood known for strong rental demand and appreciation potential.
- Dual Income Potential
Comprising two detached homes on one lot, the property is classified as 'Residential Income,' providing the ability to generate rental income from two separate units.
- Desirable Location & Amenities
Situated moments from Echo Park Lake, Sunset Blvd's vibrant shops and restaurants, Dodger Stadium, and Downtown LA, offering excellent tenant appeal and convenience.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required for Front Unit
The front house is explicitly stated as 'ready for a remodel,' indicating a substantial upfront investment in time and capital will be necessary to modernize it.
- Age of Property
Built in 1949, the property's age may necessitate updates to systems, infrastructure, or general maintenance beyond the stated remodel for the front unit.
- Potential for Renovation Disruption
The required remodel of the front unit could lead to a period of vacancy or reduced rental income, as well as potential construction noise or inconvenience for the back unit's occupants.
About 843 Laveta Terrace
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1949
- Lot Size
- 6,662 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,605 | 1,950 | 23% |
| Lot Size | 6,662 | 5,892 | 69% |
| Price | $1.20M | $1.20M | 50% |
| Price per sq ft | $745 | $559 | 85% |
| Built year | 1949 | 1929 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 197 | 8% |
Pricing History
Listed for Sale
Dec 28, 2025
$1,195,000
Initial Listing