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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 1,225,000

Est. payment | -/mo

7 Beds

3 Baths

2,480 SqFt

Save

$ 1,225,000

Est. payment | -/mo

Save

7 Beds

3 Baths

2,480 SqFt

Open House

Sat Jun 20, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,480 sqft

Price per Sqft $493

MLS Listing ID OC26104698

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 1920

Lot Size 4,046 Sqft

Property Sub-Type Triplex

Property Description

7 bed | 3.5 bath | 2,560 sq ft | Corner lot | Three-unit property | LARD3 zoning Welcome to one of the most storied corners in upper Elysian Heights. Sitting at Echo Park Ave and Ewing St, this Queen Anne Victorian is widely known as "The Queen of Elysian Heights" and is believed to be among the oldest homes on the avenue. A true storybook-style gem with huge upside potential. The property includes three units total: the main Victorian residence and a two-unit duplex, all set on a 4,046 sq ft corner lot with 3 parking spaces. Two units are currently occupied with month-to-month tenancies at below market rents, creating immediate income alongside meaningful upside for a future owner. Live in the main home and let your tenants offset the mortgage, or hold all three units as a long-term rental in one of the Eastside's most in-demand neighborhoods. The LARD3 zoning opens additional doors for the right buyer. As a historically designated property, the next owner may want to explore potential Mills Act property tax benefits. The Mills Act allows owners of qualified historic properties to receive significant property tax relief in exchange for a commitment to preserve and maintain the home's historic character. Buyers are encouraged to research eligibility and application requirements through the City of Los Angeles Office of Historic Resources. Elysian Heights puts you in the center of everything that makes Echo Park one of the most sought-after neighborhoods in Los Angeles. Walk to Elysian Heights Elementary Arts Magnet, grab coffee at Canyon Coffee or Valerie Echo Park, and enjoy neighborhood staples like Cookbook, Bacetti Trattoria, and Lady Byrd Cafe. Sunset Boulevard is just minutes away with its endless dining, arts, and nightlife. Echo Park Lake, Dodger Stadium, and local hiking trails are all at your doorstep, and the 101 and 2 freeways provide easy access across the city. Historical designation adds both character and long-term value protection. This is a rare opportunity to anchor yourself in a neighborhood where properties like this rarely come to market. Water/sewer is submetered and pid by tenant. Tenants pay their own electric/gas and are separately metered. Please do not disturb occupants. Call your Realtor today to schedule a tour and make an offer.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Rooms

Main Level Bedrooms 3

Interior

Interior Features Utility Room

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry Inside, Laundry Room

Exterior

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Private Pool No

Building

Lot Description Back Yard

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5420034004

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jessica Nieto eXp Realty of California Inc 562-714-2176, DRE #01923684

NEARBY SCHOOLS & PROPERTIES

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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2004 Echo Park AVE Los Angeles, CA 90026