1427 Laveta
Property Overview
Rare investment and development opportunity featuring an approximately 5% CAP RATE in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. Enjoy close proximity to shopping, dining, entertainment, public transportation, and major employment centers. This unique offering includes a 6-unit income-producing property on an approximately 10,260 SF lot, together with two adjacent vacant lots totaling approximately 12,343 SF. The properties may be purchased together or separately, offering flexibility for investors and developers. Vacant Lot 1: MLS #AR2618 45 87 | $395,000 | Approx. 6,165 SF Vacant Lot 2: MLS #AR2618 45 90 | $395,000 | Approx. 6,178 SF Both vacant lots on Fairbanks Pl are to be sold together. A compelling opportunity for investors seeking income and developers seeking future development potential in a centrally located Los Angeles market. Buyer to independently verify all property information, zoning, permitted uses, and development potential with the appropriate City and County departments.
Home Details
- Property type
- Residential Income - Mixed Use
- Year built
- 1923
- Lot size
- 10,266 sq ft
- Parking
- 2 spaces
- Garage
- 2 spaces
- Stories
- 2
- Days on market
- 58
- MLS status
- Active
Features & Amenities
Appliances
- Gas Oven
Parking
- Carport
Pool
- None
Lot
- Six To Ten Units Acre
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 1427 Laveta
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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