$1,595,000

1016 Laguna Avenue, Los Angeles, CA 90026

6 beds |
5 baths |
2,918 sqft

Multi-Family Home
Built in 1923
5,502sqft lot
4 car garage
$547/sqft
Listed 3 months ago

Property Description

MAJOR PRICE IMPROVEMENT! SELLER MOTIVATED! BRING ALL OFFERS! Rare Echo Park Lakefront 5-Unit Income Property with Stunning Views. An exceptional opportunity to own a trophy 5-unit income property in one of Echo Park's most coveted locations Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential. The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two additional studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere. Tenants enjoy the unbeatable experience ofliving above the lake, with Echo Park's walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in anirreplaceable location, this is a truly rare offering in the heart of Echo Park.

Listing Status:: Active
Date Added:: July 25, 2025 at 05:00AM
Listing Office:: The Collective Realty : 310-569-1335
Listing Agent:: Will Tiao : 323-363-1096
MLS ID:: 25565157

General: Ceiling Fan(s)
Appliances: DishwasherDisposalGas OvenMicrowaveRefrigeratorDryerWasher
Flooring: CarpetWood
Disability Feature: None

General: None
Pool: None
Parking: Parking spaces: 5

General: Stucco0

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LARD25404021009
View: City LightsCanyonLakeView

Source: CRMLS_CL

This listing courtesy of Will Tiao, The Collective Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Logan Academy of Global Ecology

1711 Montana St, Los Angeles, CA, 90026

Grades KG-8

0.32 miles away

Logan Academy of Global Ecology

1711 Montana St, Los Angeles, CA, 90026

Grades KG-8

0.32 miles away

Downtown Business High School

1081 W Temple St, Los Angeles, CA, 90012

Grades 9-12

0.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.