Sold
1046 Laguna Avenue
Los Angeles CA, 90026
$1,600,000
$492.31 per sqft
Sold
10 Beds
5 Baths
3,250 sqft
Residential
Built in 1922
Listed by Jason Tuvia with Marcus & Millichap 818-212-2700
Marcus and Millichap is pleased to present a five (5) unit apartment building located at 1046 Laguna Avenue in Los Angeles, California. Situated in a prime Echo Park location, this is one (1) of a three (3) property portfolio which may be sold together or separately. Built in 1931, this property contains a great unit mix of two (2) studio / one bathroom units, one (1) one bedroom / one bathroom unit, and two (2) two bedroom / one bathroom units. This well-maintained, craftsman style building boasts tons of character with incredible hillside views and no soft-story retrofit required. Each unit features its own private entrance, in-unit washer/dryers, individual water heaters, & fully separate meters for all utilities. The property recently passed LA Housing SCEP Inspections. Positioned around the corner from Echo Park Lake and Sunset Boulevard, the property boasts plenty of yard space, decks, patios, five (5) garage/storage spaces with potential to convert into ADU units, fresh landscaping, and much more. Tenants will love living in a quiet residential pocket adjacent to the trendiest retail, restaurant, and entertainment amenities available in Los Angeles. Offered as part of a three (3) property Echo Park portfolio, 1046 Laguna Avenue offers an investor very high cash flow with separate garages for each unit which have the opportunity to be converted to ADUs around the corner from Echo Park Lake.
22198815
MLSⓇ ID
September 2, 2022
Listed
March 23, 2024
Updated
Map
1046 Laguna Avenue
Los Angeles CA, 90026
Interior Features
Total Stories
2
Bedrooms
10 Beds
Bathrooms
5 Baths
Appliances
Built-In, Refrigerator, Dryer, Washer
Fireplace
Yes
Fireplace Description
Decorative
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Back Yard, Front Yard, Lawn, Landscaped, Secluded
Architectual Style
Craftsman
Other Property Details
Area Name
C21 - Silver Lake - Echo Park
Days on Market
40
Garage
Yes
Garage Spaces
5
Parking
Carport, Storage
Parking Total
5
View
Yes
View Description
City Lights, Lake
County
Los Angeles
Pool
No
Pool Features
None
Waterfront
Yes
Zoning
LARD2
Buyer Agency Compensation
2%
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:35 AM UTC