1016 Laguna Avenue

Los Angeles , CA 90026

MLS#: 25565157

$1,695,000

Status: Active
Listing number: 25565157
Listing provided by: The Collective Realty
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
Browse Properties
Main image without alt text

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

2,918

Rare Echo Park Lakefront 5-Unit Income Property with Stunning ViewsAn exceptional opportunity to own a trophy 5-unit income property in one of Echo Park's most coveted locations Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential.The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two additional studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere.Tenants enjoy the unbeatable experience ofliving above the lake, with Echo Park's walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in anirreplaceable location, this is a truly rare offering in the heart of Echo Park.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    6

  • Bathrooms

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Construction Materials

    Stucco

  • Patio and Porch Features

    Front Porch, Patio

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.1263

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,695,000

  • Sq. Footage

    2, 918

  • Price/SqFt

    $580

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Will Tiao , The Collective Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Rare Echo Park Lakefront 5-Unit Income Property with Stunning ViewsAn exceptional opportunity to own a trophy 5-unit income property in one of Echo Park's most coveted locations Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential.The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two additional studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere.Tenants enjoy the unbeatable experience ofliving above the lake, with Echo Park's walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in anirreplaceable location, this is a truly rare offering in the heart of Echo Park.

1016 Laguna Avenue

Message successfully sent.

What would you like to know?

Related Properties

New on site 1 day ago
First time on the market property! Priced only at $335 per sq ft and $270,000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4,032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner.  The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability. Interior showings contingent on offers. Do not disturb tenants. Full occupied.
#WS25165151

Los Angeles

1926 N Johnston Street

None Beds

None Baths

4,032 Sq.Ft.

$1,389,000

MLS#: WS25165151

New on site 2 days ago
SEE DOCS Section for OM. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 333 N. Union Ave., a nine (9) unit apartment property built in 1925. The property is located just south of Temple St, between Burlington Ave and Glendale Blvd., in the South Echo Park neighborhood of Los Angeles. 333 N. Union Ave. is a nine (9) apartment property built in 1925 of wood frame construction and comprised of three separate buildings. The layout consists of a large 4 plex comprised of all 1 bed + 1 bath units at the front of the property, a freestanding 1 bed + 1bath bungalow in the middle and a 4 plex of 4 guest rooms at the rear of the site. The property totals 4,558 building square feet on a 6,904 square foot lot. UNIT DETAILS:1 Bed + 1 Bath Units: These stunning units have 11-foot-tall ceilings, and some units feature unique crown molding elements, built in fireplaces, wood floors, updated appliances, and fixtures as well as split AC systems. Windows are abundant and span floor to ceiling in most rooms. The living spaces include large open kitchens, large bathrooms, and spacious living room areas. Bedrooms are separated from the living area by a large pocket door. The ground floor units also feature access to the common yard area through the kitchens and large outdoor decks. Guest Room Units: All units feature updated floors, and fixtures as well as window AC units (of which some are a split system). The living spaces include efficient kitchens without permanent cooking appliances and a bathroom. Two of the four units feature large built out unpermitted attic spaces on a second level above the main unit that are being used by tenants. There are two parking spaces at the rear of the guest room 4 plex. Investors can explore the opportunity in the Los Angeles Municipal Code to legally upgrade these units to a light housekeeping designation, which then will allow for installation of a permanent two-burner stovetop/oven in the kitchen area. COMMON AREA DETAILS: The property is unique in that it features a very large common yard area with a well-maintained garden and seating area for tenants. This is a great amenity that can be another selling point for leasing the property. The front four units are separately metered for electricity and gas, the rear units are mastered metered for electricity but have no gas, all tenants pay for their own trash, and the landlord pays for water. Electrical upgrades have also been recently completed at the property as well. PROPERTY LOCATION: 333 N Union Ave. is located just south of Temple St, between Burlington Ave and Glendale Blvd., in the South Echo Park neighborhood of Los Angeles. The property boasts an incredible Walk Score of 89 out of 100, making it very walkable, and is just steps away from dining and retail on W Temple St. The property is also located within a short drive to Silver Lake, Echo Park, Koreatown, Hollywood and Downtown Los Angeles. Close proximity to both the 101 and 110 Freeways gives tenants access to all the major employment centers including Downtown Los Angeles, West Los Angeles, Pasadena, The South Bay and the San Fernando Valley.
#25569891

Los Angeles

333 N Union Avenue

5 Beds

None Baths

4,558 Sq.Ft.

$1,400,000

MLS#: 25569891

New on site 2 days ago
Welcome to 1520 Menlo, a Spanish Colonial apartment complex in the heart of Pico-Union. The property consists of (10) one-bedroom units across five separate structures on a privately gated lot. Five of the ten units have received interior renovations leaving 50% of the units well under market rents allowing the next owner to add-value and achieve upside potential. As you enter through the gated courtyard you will find (6) bungalow style apartments and a Spanish Colonial fourplex in the rear. In total, the property collects $150,300 per year plus future upside making this an ideal addition to any real estate portfolio.
#25569941

Los Angeles

1520 Menlo Avenue

10 Beds

None Baths

5,132 Sq.Ft.

$1,995,000

MLS#: 25569941

New on site 2 days ago
Ideally located in one of LA's hippest neighborhoods, this newly renovated and expanded quadruplex offers a rare opportunity to own a high-quality, income-producing property with breathtaking views of Downtown Los Angeles. Built in 2019, the modern 4-story front duplex, with a 2-car garage, sits privately behind lush hedges and features a welcoming front courtyard. The lower unit is a stylishly designed 1 bedroom with a full bath, perched above a 2-car garage; complete with exposed concrete floors, open-concept living, in-unit laundry, and a dedicated sleeping area. Above it, the expansive two-story top-floor unit with 1 bedroom, 1 bathroom impresses with soaring two-story ceilings and an abundance of natural light. This stunning space includes a spacious open floor plan, engineered hardwood floors, a sleek guest bath, in-unit laundry, and a chef's kitchen outfitted with premium Viking appliances. Upstairs, a primary bedroom, an ensuite spa-like bath, and a separate glass-enclosed office overlook the main living area. Private exterior stairs lead to an incredible rooftop deck with jaw-dropping panoramic views of DTLA and Sunset Blvd. Both front units are tenant-occupied - Upper Unit (1325 1/2) is rented at $4,000/month, and the Lower Unit (1323 1/2) is rented at $2,200/month. Tucked behind the front building, the original 1925 rear duplex delivers quaint charm and privacy. Situated on the right rear side of the property, Unit 1323 features 3 bedrooms, 2 bathrooms, hardwood floors, an updated bath, a shady front porch, and an additional storage space/laundry room below the main living area. Unit 1325 sits just to the left with 2 bedrooms, 2 baths, its own side entry, a hidden front porch, a private back patio, and a spacious storage space below the main living area. Delivered fully vacant, this rear duplex offers excellent upside potential. Projected market rents are $4,000/month for the 3BD (#1323) and $2,500/month for the 2BD (#1325). Just steps from the Elysian Park trails and blocks from the vibrant Sunset Blvd scene, this location offers unbeatable accessibility - grab your morning coffee at the new Goop Kitchen, a mid-afternoon slice at Quarter Sheets, and meet the gang for drinks and a band at Little Joy in the evening, all without getting in your car. With high demand, modern amenities, and immediate rental upside, this is a unique opportunity to own a stylish, income-generating property in one of the Eastside's most desirable neighborhoods.
#25567417

Los Angeles

1323 Lilac Terrace

7 Beds

None Baths

3,667 Sq.Ft.

$1,499,000

MLS#: 25567417

New on site 2 days ago
Another beautiful listing just hit the market! Large 3 bedroom 2 bath home plus newly built 1 bedroom, 1.5 bath ADU! Nestled in a highly sought after pocket of View Park, this newly renovated 1919 craftsman bungalow balances effortless comfort and sophistication. The spacious three bedroom, two bath home offers an open floor plan with an interior that blends old and new with natural light filled spaces throughout. A beautiful living room leads into a large dining area and gourmet kitchen, perfect for entertaining guests. There are 2 spacious bedrooms, Large bathroom , separate laundry room plus a large ensuite master that opens up to the large back yard. There you will find a perfectly designed 1 bedroom ADU with all the same luxurious finishes plus a spacious 1 bath and powder room for guests and indoor laundry . Equipped with a new HVAC system in main house, mini split in ADU tankless water heater on both , each with new stainless steel appliances. Redesigned low-maintenance front and back yards, sensored exterior lights. In addition both homes have new roofs electrical and plumbing. Centrally located close to Culver City and the City of Champions with all of its new and exciting developments on the horizon. Minutes away from all new entertainment like Sofi, Intuit Dome, The Forum, YouTube theater, Cineapolis Lux theater and Cosm and the new Clippers Stadium! Close to Lax airport and beaches, shops and restaurants.
#25569281

Los Angeles

5325 S Victoria Avenue

4 Beds

None Baths

2,110 Sq.Ft.

$1,589,000

MLS#: 25569281

New on site 2 days ago
TURN-KEY INVESTMENT: Mint-renovated Spanish Colonial Duplex in WEHO. VACANT and ready for new short or long-term tenants. Situated on a quiet, tree-lined street, each side-by-side unit is bright and charming, featuring two bedrooms, one bathroom, a private yard, and a garage. This thoughtful renovation incorporates modern necessities while preserving a 1920s vibe. New interiors feature a gourmet kitchen with solid wood custom cabinets, gorgeous quartz countertops and backsplashes, chic espresso appliances, high-end faucets and hardware, a drinking water filtration system, a convenient under-counter microwave drawer, and a large stacked washer-dryer. Bathrooms are outfitted with custom tiles, a solid Oak vanity with a marble top, and a lighted, mirrored medicine cabinet. With hardwood floors, antique gold fixtures, and the original (decorative) fireplace, and a privacy hedge that surrounds the gardens, these adorable cottage-style apartment homes are ready for their close-up. Popular location, walking distance to Plummer Park, Poinsettia Recreation Center, Trader Joe's, Smart & Final, and endless shops, restaurants, and cafes on Santa Monica Blvd. New gut-renovation in 2025. Recently upgraded sewer line. Roof replaced in 2018.
#25569743

Los Angeles

951 N Martel Avenue

4 Beds

None Baths

2,058 Sq.Ft.

$1,990,000

MLS#: 25569743

New on site 2 days ago
1236 & 1234 W 89th St | Los Angeles, CA 90044 An incredible opportunity awaits with this fully rebuilt and newly constructed four-unit property in the heart of Los Angeles. Boasting 3,868 sq ft of total living space on a 7,750 sq ft lot, this gated and secured property blends modern design, energy efficiency, and excellent income potential. A Complete Transformation: 1236 & 1234 W 89th St have been completely rebuilt from the studs up, offering all-new interiors, systems, and finishes. Units A & B (ADUs) are brand-new ground-up constructions, thoughtfully designed for style, comfort, and functionality. Property Breakdown: 1236 W 89th St: 3 Bed / 2 Bath | 1,137 sq ft | Detached main home with white shaker cabinets, kitchen island, quartz countertops, 4-ton HVAC, and in-unit washer/dryer hookups. 1234 W 89th St: 3 Bed / 2 Bath | 910 sq ft | Detached second unit with white shaker cabinets, quartz countertops, 3-ton HVAC, and in-unit washer/dryer hookups. 1234 Unit A (ADU): 3 Bed / 2 Bath | 910 sq ft | First-floor ADU with gray shaker cabinets, quartz countertops, 2-ton HVAC, owned solar generating 2.35 kW, and fire sprinkler system. 1234 Unit B (ADU): 3 Bed / 2 Bath | 910 sq ft | Second-floor ADU with gray shaker cabinets, quartz countertops, 2-ton HVAC, owned solar generating 2.35 kW, and fire sprinkler system. Modern Comfort & Upgrades: Full HVAC systems in every unit Tankless water heaters for energy efficiency Paid-off solar panels (ADUs) for lower utility costs Fire sprinkler systems (ADUs) Fully equipped kitchens with stove, dishwasher, microwave, and refrigerator Secure gated entry with ample parking Endless Possibilities: This unique property offers multiple opportunities—live in one unit and rent out the others or maximize its income potential of up to approximately $14,000 per month as a full investment. Prime Location: Situated in a convenient Los Angeles neighborhood, close to shops, restaurants, public transportation, and major freeways, this property offers easy access to everything the city has to offer. This is more than just a property—it’s a move-in-ready, income-producing opportunity with modern style and lasting value.
#SR25167484

Los Angeles

1234 W 89th Street

None Beds

None Baths

3,867 Sq.Ft.

$1,699,000

MLS#: SR25167484

New on site 3 days ago
Developers! Prime Opportunity Zone investment located on a 10,324 Sq Ft LAR3-zoned lot in the highly desirable Mid-Wilshire area. This property features three separate buildings and is situated within a TOC Tier 3 zone, offering excellent potential for increased density and attractive tax incentives. Each unit includes its own washer/dryer hookups and is separately metered, providing convenience for tenants and operational efficiency for ownership. The buildings have been well maintained and offer significant rental upside in a rapidly developing neighborhood, just minutes from Los Angeles City College. Do not disturb occupants. Interior inspections to be scheduled upon accepted offer.
#SR25165755

Los Angeles

525 N Kenmore Avenue

None Beds

None Baths

4,924 Sq.Ft.

$1,695,000

MLS#: SR25165755

New on site 3 days ago
Prime Investment Opportunity and income producing property. This well kept low maintenance 8 Unit apartment building consisting of 6 Units (2 bedrooms, 1 bath) and 2 Units (1 bedroom 1 bath) with long term tenants. Six of the eight tenants have been living here for ten plus years. All remodeled extensively around seven years ago, newer electrical, plumbing, interior and exterior, newer kitchens, bathrooms, tile, carpet, laminate flooring throughout, and much more. The roof on both buildings was replaced around 4 years ago and foundation reinforced. All units have their own water shut off valve and seven of the eight water heaters have been replaced. Rents are currently below market value, allowing upside in rental income for the new buyer. There is 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.
#DW25166631

Los Angeles

4432 Wesley Avenue

None Beds

None Baths

8,732 Sq.Ft.

$1,499,900

MLS#: DW25166631

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here