1242 Lilac Place, Los Angeles, CA 90026

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1242 Lilac Place,Los Angeles, CA 90026
$970,000
  • 2 Beds
  • 7 Baths
  • 4,604 sq. ft.
  • Multi-family
  • Active
Listed by:sean rosenzweig
Office:marcus & millichap
MLS#:25582025
Source:CRMLS

Price summary

  • Price:$970,000
  • Price per sq. ft.:$210.69

About this home

We are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods for renters in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 5,548 square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential Permits are "RTI" Status. The property's desirable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1242 Lilac an excellent acquisition opportunity for investors. PLEASE DO NOT WALK THE PROPERTY

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Home facts

  • Year built:1921
  • Listing ID #:25582025
  • Added:41 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:7
  • Living area:4,604 sq. ft.

Structure and exterior

  • Year built:1921
  • Building area:4,604 sq. ft.
  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$970,000
  • Price per sq. ft.:$210.69
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