Est. cap rate

2.8%

Assumed rent, all units

$4,620/mo

Units

2

Price per unit

$499,000

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

2,618 sqft

Lot size

8,403 sqft

Year built

1912

Stories

2

Garage spaces

2

Style

Craftsman

Heating

Floor Furnace

Cooling

None

Pool

None

View

City Lights,Neighborhood

Status

Active

Days on market

1

MLS #

246670803

About this property

A rare opportunity to own a character-rich 1912 Craftsman duplex in the heart of Echo Park, just moments from Sunset Boulevard and with views toward the Downtown Los Angeles skyline. From the moment you arrive, the property feels distinctly LA, with mature landscaping, original architectural details, and the kind of warmth and personality that newer construction simply can’t replicate. Inside, both units retain beautiful period character, including hardwood floors, dark wood trim, built-ins, beamed ceilings, and original-style windows that bring in natural light and frame the surrounding neighborhood. The larger unit offers 2 bedrooms and 1.5 baths, with the second bedroom located upstairs alongside an adjoining office and half bath, creating a flexible space for working from home, guests, or a private retreat. The second unit features 1 bedroom and 1 bath, with comfortable, well-proportioned living spaces. Set on an approximately 8,400-square-foot LARD2 lot, the property offers something increasingly hard to find in central Los Angeles: meaningful outdoor space. The expansive yard is surrounded by mature trees and landscaping, with room to garden, gather, relax, or simply enjoy a sense of openness that feels unusual for the neighborhood. From the lot, you can take in views toward the Downtown Los Angeles skyline, adding to the property’s unique sense of place. A detached two-car garage, currently used as shared tenant storage, provides additional utility, along with gated driveway space. Both units have laundry access, including one in-unit laundry area and a separate laundry area serving the second unit. The location puts you close to the restaurants, coffee shops, boutiques, and neighborhood favorites that make Echo Park and Sunset Boulevard so desirable, while also offering convenient access to Downtown Los Angeles, Silver Lake, and surrounding Eastside neighborhoods. Sold tenant-occupied, this is a compelling opportunity for a buyer seeking a distinctive income property with original Craftsman character, a substantial lot, city views, and a prime Echo Park location.

Location

523 N Lake

Los Angeles, Los Angeles, CA, 90026