Listed By:
Josh Hodeda with eLAvate,Inc.;
801 Waterloo Street, Los Angeles, CA
$ 1,475,000
Property Attributes
  • MLS#23270095
  • TypeMulti-Family
  • CityLos Angeles
  • AreaSilver Lake - Echo Park
  • Zip90026
  • StyleCraftsman
  • Price$ 1,475,000
  • Bedrooms6
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4670
  • Lot Size6,307 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Corner lot five unit craftsman apartment building in the Silver Lake/Echo Park area built in 1917 with tremendous upside and great investment opportunity! Spread across a 6,306 square foot lot, there are four units in one building and a separate unit in another building over three single car garages. The three single car garages are not being rented (NOT being used by tenants) and can potentially be converted to ADU's for additional rentals and income. Buyer to conduct their own investigation and due diligence. All five units are rented with below market rents. Four units are long term tenants, requiring major remodeling, with one unit rented in Dec 2020. Each unit has a separate address. There are four 1Bx1B units and one 2Bx1B unit totaling 4,670 rentable square feet. One bedroom may be unpermitted but has cleared recent LAHD code enforcement inspection. Each unit has its own washer and dryer and gas water heater. Separately metered for electricity and gas. Interior unit photos available upon request. Property will be sold as is with existing tenants in place. The property is subject to LA RSO (rent control) with rent increases allowed to resume in 2024. The adjacent duplex at 807 & 809 Waterloo St., MLS# 23-267985, is also for sale offered at $1,195,000 with a 6,308 square feet lot size. There is separate rear structure with 4 single car garages not being used by tenants and can potentially be converted to ADU's for additional rentals and income. The total lot size of both properties combined is approximately 12,614 square feet allowing for a prime future potential development opportunity.

Price History
5/15/2023 Listed $1,475,000

General Features

Additional Parcels Y/N No
Appliances Refrigerator, Dryer, Washer
Architectural Style Craftsman
Association Y/N No
Attached Garage No
Carport Y/N No
City Los Angeles
County Los Angeles
Days on Market 24
Directions North of 101 freeway, west of N. Alvarado St. Between Rosemont Ave. and Coronado Terrace.
Disclosures RentControl
Garage Spaces 3.0
Garage Y/N Yes
Gross Income 85423.0
Heating FloorFurnace
Home Warranty Y/N No
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 6306.0
MLS Area C21 - Silver Lake - Echo Park
Mobilehomeremainsyn No
Net Operating Income 57503.0
New Construction No
Occupancy Description Tenant
Open Parking Spaces 2.0
Pool Features None
Possession CloseOfEscrow
Private Pool No
Property Attached Y/N No
Property Condition RepairsMajor
Property Type ResidentialIncome
Rent Control Y/N Yes
Security Features CarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/N No
Sewer Other
Spa Features None
Special Listing Conditions Standard
Standard Status ActiveUnderContract
Status ActiveUnderContract
Street Name Waterloo
Tenant Pays Electricity, Gas
Total Units 5
View None
View Y/N No
Waterfront Y/N No
Year Built 1917
Zoning LARD1.5

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Electric On Property Y/N No
Fireplace Features LivingRoom
Fireplace Y/N Yes
Heating Y/N Yes
Street Suffix Street
Total Baths 5
Total Bedrooms 6
Total Stories 2

Exterior Features

Living Area 4670.0
Building Area Total 4670.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Size Acres 0.1448
Lot Size Area 6306.0
Lot Size Units SquareFeet
Number of Buildings 2
Open Parking Y/N No
Parking Features DoorMulti, Garage, SharedDriveway, Uncovered
Spa No
Total Parking 5.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90026

AVG $1.91M
AVG 77
Data Provided by Inside Real Estate®
Year Built
AVG 1935
AVG 86
Data Provided by Walkscore® not using MLS data