Second Chance at a Dream Opportunity: Darling Duplex with One Unit Delivered Vacant Near Echo Park Lake!
ADDRESS: 623-623 1/2 Laveta Terrace, Los Angeles, CA 90026
Darling duplex in Angelino Heights with one unit delivered vacant at close of escrow presents a dream opportunity for first time buyers + investors alike minutes from Echo Park Lake!
Enjoy two 2bd/1ba units, the vacant unit with a bonus room with potential to act as a third bedroom or office. The vacant unit has the potential for $2,795/month if rented out in current condition but with additional renovation this unit could potentially fetch closer to $3,500/month!
Recently refreshed with new interior + exterior paint and new light fixtures throughout, it’s ready for you to move right in and make it your own or rent it out immediately. The bonus room has access of it’s own making it perfect for visiting guests or working from home.
The occupied unit enjoys long term tenants paying $975/month who are consistent and reliable, enjoy the perk of added income to help supplement the mortgage! The garage presents extra parking or potentially space for an adu conversion for added income (buyer to verify).
An oversized finished basement features an abundance of storage space and tons of potential. The spacious yard is the perfect palate for a green thumb to unleash. Mature fruit trees such as fig and persimmon provide shade overhead — imagine a personal farmer’s market right in your own backyard! Enjoy easy access to several LA neighborhoods like Downtown LA, Silver Lake, Hollywood, and Highland Park. Minutes from local favs such as eateries in Echo Park/Silverlake, Echo Park Lake, Dodger Stadium and Elysian Park.
The close proximity to the 101, 110, 5 + 2 freeways make this a commuter’s dream! Zoned LARD3 the possibilities for future development are plentiful. Become an owner and begin your LA legacy here on Laveta Terrace!