Presenting 346 Laveta Terrace, an unparalleled investment opportunity in the heart of Echo Park, Los Angeles. This historic 1904 multi-family property comprises four spacious units and two junior accessory dwelling units (ADUs), all recently upgraded to seamlessly blend classic architectural charm with modern amenities. Collectively, these units generate a robust… Read More monthly rental income of $17,000. Strategically located just minutes from downtown Los Angeles, this property offers tenants easy access to major employment centers and cultural attractions. The proximity to the scenic Echo Park Lake and the vibrant local scene including boutiques, cafes, and art galleries enhances its appeal, ensuring high occupancy rates and consistent demand. Acquiring 346 Laveta Terrace not only secures substantial immediate rental income but also adds a high-performing asset to your portfolio, poised for significant long-term appreciation in one of Los Angeles' most sought-after neighborhoods. This is a rare opportunity to invest in a property that combines historical significance, modern upgrades, and exceptional financial returns. Read Less
Property listed by Keller Williams Realty Los Feliz, Cristina Dam 323-300-1000
Built in 1904, Building area total: 3,600, Levels: One, Living area: 3600, 1 story, 2 buildings, Architectural style: Spanish, Common walls: NoCommonWalls
Community
Gated
Expenses
Electric expense: $6,000, Insurance expense: $5,000, New taxes expense: $12,000, Water sewer expense: $6,000
Floors
Laminate
Heating
Central
Income
Gross income: $204,000, Net operating income: $174,500
Laundry
Outside
Lot
0.1331 acres, 5,800 square feet, Size: 5,800
Parking
2 open parking spaces, 4 totals parking, Covered
Property
Zoning: LACW, CityLights
Security Features
CarbonMonoxideDetectors, GatedCommunity
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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