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1305 Laveta Terrace

Los Angeles, CA 90026
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Bed 6

Bed

Bath 0

Bath

SqFt5,664

Sqft

SqFt37,026

Sqft(Lot)

We are proud to present 1303-1305 Laveta Terrace, a two-parcel, 10-unit investment offering in the Echo Park neighborhood of Los Angeles comprising a nine-unit apartment complex and a detached two-story single-family residence with a private pool, each on its own legally separate lot. The apartment complex at 1305 Laveta Terrace traces its origins to six individual wood-frame bungalows constructed in 1921, each built under its own city permit as a standalone one-story dwelling. Over the following decades these six structures were consolidated into a nine unit apartment configuration across four buildings, housing six studios and three one-bedroom/one-bathroom units with 4,279 square feet of rentable area on a 26,106-square-foot lot. The detached residence at 1303 Laveta Terrace was built i n 1968 as a two-story, Type V single-family home with 1,385 square feet, three bedrooms, three bathrooms, central heat and air conditioning, and a private pool on its own 11,059-squarefoot lot (APN 5419-028-030). The combined site totals approximately 37,165 square feet (0.85 acres) with 5,660 square feet of net rentable area across all units. All apartment units are individually metered for gas and electricity, and each has in-unit washer and dryer connections.The offering presents two distinct value-add opportunities within a single transaction. The apartment building delivers approximately 77% rent upside across seven occupied units with vacancy decontrol supporting rent-to-market resets upon turnover, while two vacant apartment units and the detached house represent immediate lease-up income. The house at 1303, with an estimated market rent of approximately $5,800 per month supported by recent single-family sales on the same block exceeding $2.2 million and $3.4 million, offers a new owner the flexibility to lease at market, operate as a short-term rental, or hold as an owner-occupied residence while managing the adjacent apartment building. Together, the properties deliver a combined pro forma gross of approximately $24,685 per month. The two parcels are legally separate and independently transferable for the first time since 1968, giving a buyer structural flexibility to hold, dispose, or develop each lot on its own terms.This is a lender-owned REO disposition with clear title, offering a streamlined acquisition with no seller emotion, no 1031 exchange timeline, and no partnership approval process. The combination of significant rent upside on the apartment side, a vacant and move-in-ready house with pool on a separate legal parcel, meaningful development density beyond the existing 10 units, and documented structural investment at the house positions this property to attract a broad range of value-add investors, developers, and long-term holders in one of LA's most sought-after eastside neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,590,000

AD Id : 77561941

MLS Id : 26745529

Beds : 6

Lot Size : 37,026 Sqft

Living Area Size : 5,664

Year Built : 1921

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 12 Full Baths: 0 Half Baths: 0
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1921 Building Area Total: 5,664

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.85
  • Lot Size Source: Assessor Lot Size Square Feet: 37026

  • Listing Price Information

    Original List Price: 2,590,000 Listing Contract Date: 2026-04-06
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5419028029

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C21 - Silver Lake - Echo Park Postal Code Plus 4: 3321 Directions: North of Sunset Blvd. Zoning: LAR2 Source Property Type: Residential Income Area: C21 - Silver Lake - Echo Park
  • Building and Construction

    Property Age: 105 Year Built Source: Vendor Enhanced Total Square Feet Living: 5664 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2144 Echo Park Avenue, Los Angeles, CA, 90026 $1,495,000 3 1 1,396 1,396 SqFt
2140 Lemoyne Street, Los Angeles, CA, 90026 $2,500,000 3 -- --
1911 Echo Park Avenue, Los Angeles, CA, 90026 $999,000 3 -- 1,728 1,728 SqFt
1188 Innes Avenue, Los Angeles, CA, 90026 $3,500,000 13 -- 10,470 10,470 SqFt
1804 Echo Park Avenue, Los Angeles, CA, 90026 $1,500,000 5 -- 2,319 2,319 SqFt
1458 Sutherland Street, Los Angeles, CA, 90026 $2,890,000 6 -- 3,187 3,187 SqFt
1303 Lilac Terrace, Los Angeles, CA, 90026 $4,300,000 -- -- 5,975 5,975 SqFt
991 Everett, Los Angeles, CA, 90026 $1,600,000 -- -- 6,426 6,426 SqFt
1325 Douglas Street, Los Angeles, CA, 90026 $2,200,000 -- -- 3,456 3,456 SqFt
1632 Echo Park Avenue, Los Angeles, CA, 90026 $849,000 2 -- 1,712 1,712 SqFt

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ByOwner last updated this listing 06/12/2026 @ 19:45

MLS: 26745529 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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