Est. cap rate

2.6%

Assumed rent, all units

$4,620/mo

Units

2

Price per unit

$525,000

Est. annual NOI

$27,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,080 sqft

Lot size

7,500 sqft

Year built

1911

Stories

2

Garage spaces

5

Pool

None

Status

Active

Days on market

115

MLS #

241657536

About this property

Welcome to a rare opportunity in one of Los Angeles’ most vibrant and sought-after neighborhoods—Echo Park. This charming duplex features two spacious units, each offering 2 bedrooms and 1 bathroom, making it ideal for both owner-occupants and savvy investors. Situated in an amazing location, the property is just a short walk to Echo Park Lake and the lively energy of Sunset Blvd, where you’ll find popular restaurants, cafes, shops, and entertainment. With its central location, you’ll enjoy easy access to Downtown Los Angeles, major freeways, and all that the city has to offer. What truly sets this property apart is the expansive 7,500 sq ft lot zoned LAR3, offering tremendous upside potential. Whether you’re looking to expand the existing structure, add additional units, or pursue a full development project, this property provides the flexibility and zoning to bring your vision to life (buyer to verify with city). The current duplex layout offers immediate rental income potential, while the lot size and zoning make it an exceptional long-term investment. Opportunities like this—combining location, existing income, and development potential—are rare in Echo Park. Perfect for developers, investors, or buyers looking to grow their real estate portfolio, this is your chance to secure a valuable piece of Los Angeles real estate in a high-demand area. Don’t miss out on this one-of-a-kind opportunity to invest, develop, or create your dream property in the heart of Echo Park!

Location

1131 Echo Park Ave

Los Angeles, Los Angeles, CA, 90026