Silver Lake - Echo Park (C21) Homes with Multi Family Subtype

Silver Lake - Echo Park (C21) Homes with Multi Family Subtype

Welcome to the vibrant and eclectic neighborhood of Silver Lake - Echo Park, a true gem nestled in the heart of Los Angeles, California. Known for its artistic flair and diverse community, this area seamlessly blends urban living with a laid-back, bohemian vibe. Surrounded by picturesque hills and stunning views of the downtown skyline, Silver Lake - Echo Park offers an enchanting backdrop for those seeking a unique lifestyle.

One of the most appealing aspects of this region is its array of multi-family homes, perfect for investors or families looking to share a space while enjoying the benefits of community living. These properties often feature charming architectural styles, from classic Craftsman bungalows to modern duplexes, catering to various tastes and preferences. Many of these homes are designed with generous living spaces, allowing for privacy while fostering a sense of togetherness.

Living in Silver Lake - Echo Park means being at the forefront of Los Angeles culture. The area is adorned with trendy cafes, boutique shops, and art galleries, making it a paradise for creatives and entrepreneurs alike. With the famous Echo Park Lake nearby, residents can enjoy leisurely strolls, paddle boating, and weekend picnics, adding to the area’s charm.

Moreover, the neighborhood is well-connected, with convenient access to public transportation and major highways, making commuting to downtown Los Angeles a breeze. Whether you're looking to invest in a multi-family home or find a vibrant community to call your own, Silver Lake - Echo Park is the perfect place to plant your roots and experience the best of Los Angeles living.

Newest Silver Lake - Echo Park (C21) Homes with Multi Family Subtype

$1,725,000
SR26141622 MLS ⋅ Active Status
*6.25% CAP RATE! Discover an exceptional investment & development opportunity in the heart of Silver Lake with this rare SIX-UNIT income property ideally positioned just moments from the Silver Lake Reservoir, meadow trails, dog park, and some of Los Angeles' most sought-after dining, shopping, and entertainment destinations. Located on a lush, oversized lot surrounded by mature avocado, fig, and lime trees, this property offers a unique blend of strong in-place cash flow, long-term appreciation potential, and future development upside in one of LA's most desirable rental markets. The property currently generates approximately $12,929 per month ($155,148 annually) in gross rental income and features six separately metered units, simplifying management and maximizing operational efficiency. Recent improvements include dual-pane energy-efficient windows throughout, while seven on-site parking spaces—five covered carports and two additional uncovered spaces—provide a highly desirable amenity rarely found in such a prime urban location. The upper rear unit enjoys pocket views of the Silver Lake Reservoir area and the iconic Griffith Observatory, further enhancing tenant appeal. ZONED R3, this property presents a compelling opportunity for investors seeking both immediate income and future value creation. Preliminary development potential may allow for the addition of up to six more units, creating the possibility of expanding the property to a 12-unit asset (buyer to independently verify all development potential with applicable governmental agencies). Whether held as a long-term income-producing investment, repositioned for increased rents, or explored as a future development project, the possibilities are significant. The location is truly outstanding. Enjoy convenient access to Downtown Los Angeles, Dodger Stadium, Griffith Park, and the very best of Silver Lake's renowned lifestyle amenities, including Whole Foods, Gelson's, Trader Joe's, Silverlake Wine, and the legendary Red Lion Tavern. Opportunities to acquire a cash-flowing six-unit property with meaningful development potential in Silver Lake are increasingly rare. This is a chance to secure a premier asset in one of Southern California's most dynamic and supply-constrained neighborhoods. Schedule your private showing today and explore the possibilities this unique property has to offer.

2313 Glendale Boulevard, Los Angeles
$3,034,000
PW26074728 MLS ⋅ Active Status
Beautifully maintained 7-unit multifamily property located in the desirable Echo Park neighborhood of Los Angeles. The property features a well-designed unit mix with functional layouts, along with gated on-site parking and shared laundry facilities. The building has seen improvements over time, contributing to its overall condition and supporting continued tenant appeal and operational performance.All units are currently occupied, providing immediate in-place rental income. Echo Park is known for its scenic surroundings, vibrant character, and strong sense of community. The area offers a unique blend of natural beauty and urban convenience, highlighted by Echo Park Lake, tree-lined streets, and a diverse mix of dining, cafes, and local shops. Its central location provides easy access to Downtown Los Angeles, major transportation routes, and surrounding neighborhoods. This is an excellent opportunity to acquire a well-located multifamily asset in one of Los Angeles’ most sought-after neighborhoods with long-term growth potential.

940 New Depot, Echo Park
$4,300,000
PF26016441 MLS ⋅ Active Status
A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Seller is willing to carry the loan with a substantial downpayment. Don’t miss this opportunity!

1303 Lilac Terrace, Los Angeles
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.