Est. cap rate

3.9%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$383,333

Est. annual NOI

$45,000

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

Triplex

Bedrooms

3

Building size

1,782 sqft

Lot size

6,471 sqft

Year built

1940

Stories

1

Garage spaces

3

Pool

None

Status

Active

Days on market

35

MLS #

243442270

About this property

Tucked into the lush, storied hillsides of North Elysian Heights, this one-of-a-kind 1940s triplex is so much more than an investment property — it's an entire world unto itself. Three separate addresses (2051, 2053 & 2053½) sit nestled among mature trees, cascading bougainvillea, and layered gardens that give the compound the feel of a private botanical sanctuary in the middle of Los Angeles. A Property That Tells a Story From the moment you step through the gated entry off Lake Shore Ave, the character is undeniable. A beautifully planted walkway lined with agave, tropical foliage, potted succulents, and white river rock leads you past the front building — a classic stucco structure with green-trimmed windows and a charming arched stained glass accent — and deeper into a lushly planted compound that unfolds like a series of secret garden rooms. String lights canopy the pathways between buildings, while each unit enjoys its own private outdoor space tailored with personality — brick patios, bamboo fencing, a shade sail courtyard furnished with wicker loungers and a canopy daybed, a putting green tucked alongside one of the units, and even an artist's mural gracing an exterior wall. This is the rare property where the outdoor spaces are as compelling as the interiors. The Buildings The front building fronts the street with classic 1940s stucco construction, green-trimmed windows, and a covered entry stair flanked by lush plantings. Behind it, the compound climbs the hillside through tiered gardens to a two-story rear structure with soaring exterior walls, generous windows, and a private balcony entry — a true treetop retreat. A detached three-car garage runs along the street frontage, offering exceptional parking that is virtually unheard of for a multi-unit property in this neighborhood. Each of the three units (2051, 2053, and 2053½) has its own distinct entry, outdoor area, and sense of privacy. The Location Elysian Heights is one of Los Angeles' best-kept secrets — a quiet, tree-canopied hillside community perched above Echo Park and Silver Lake, beloved by artists, creatives, and professionals drawn to its authentic neighborhood feel.

Location

2051 Lake Shore

Los Angeles, Los Angeles, CA, 90039