Description

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.