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Steven Shearrill

steven.shearrill@gmail.com +1(619) 368-7141

$ 1,499,000

Est. payment | -/mo

6 Beds

3 Baths

2,636 SqFt

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$ 1,499,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

3 Baths

2,636 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,636 sqft

Price per Sqft $568

MLS Listing ID 26672361

Bedrooms 6

HOA Y/N No

Year Built 1925

Lot Size 4,595 Sqft

Property Description

Built in 1925 and situated in the heart of Angelino Heights, one of Los Angeles' most storied and protected Historic Preservation Overlay Zones, this triplex delivers the rare combination of historic character and investment performance that serious buyers spend years chasing. Three spacious 2-bedroom, 1-bathroom units all with hardwood floors, French doors, original built-ins, in-unit laundry, private outdoor spaces, and west-facing views of the hills. The 1920s bones have been preserved where they matter most and updated where they count: newer roof, windows, electrical upgrades, and refreshed appliances. The numbers are compelling. At a $1,500,000 purchase price, the property could generate $148,800 GOI with a cap rate of 7.48%, based on property tax and insurance expenses only. Two leased units are currently below market at $3,700 and $3,400 per month, with upside potential as leases turn. The top unit (delivered vacant) has an estimated $4,200 rent per month for a combined monthly income of $11,300 creating immediate cash flow, with additional NOI growth built in as rents are brought to market. For the owner-user, the value proposition is equally strong: live in the top unit and let the bottom two service the debt, with built-in equity from day one. Steps from Echo Park Lake and minutes from Sunset Boulevard, Angelino Heights HPOZ status ensures the neighborhood's character is protected for the long term. Full inspection reports and disclosures available with a counter offer. Property appraised at $1,625,000. A buyer completed every inspection and report, then had to cancel at no fault of the property. You inherit all the due diligence, none of the uncertainty, and a seller ready to move. Easy to show with 24-hour notice.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Heating Wall Furnace

Flooring Wood

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features On Street

View Y/N Yes

View City Lights, Hills

Building

Story 3

Entry Level Multi/Split

Architectural Style Victorian

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5405007013

Special Listing Condition Standard

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Listed by Emily Johnson Sotheby's International Realty #01877330

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1120 W Edgeware RD Los Angeles, CA 90026