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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 : ResidentialIncome

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 beds: 6

    Bathroom Information

    Total Baths: 12
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace

  • Building Information

    Year Built: 1921
    Building Area Total: 5664
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 37026 Lot Size Acres: 0.85 Lot Size Source: Assessor Lot Size Square Feet: 37,026

  • Listing Price Information

    Listing Price: $2590000

  • Tax Information

    Parcel Number: 5419028029

  • Location Information

    Direction: North of Sunset Blvd.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1547 Cerro Gordo Street, Los Angeles, CA, 90026 $1,595,000 3 2 1,600 1,600 SqFt
2168 Princeton Avenue, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2168 Princeton, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2024 Valentine Street, Los Angeles, CA, 90026 $749,000 2 1 636 636 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
1567 Paul Terrace, Los Angeles, CA, 90026 $849,000 2 2 962 962 SqFt
1804 Echo Park Avenue, Los Angeles, CA, 90026 $1,300,000 5 3 2,319 2,319 SqFt
1458 Sutherland Street, Los Angeles, CA, 90026 $2,490,000 6 -- 3,187 3,187 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 04:54

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

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