5048 E Echo Street, Los Angeles, CA 90042
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
5048 E Echo Street,Los Angeles, CA 90042
$999,000
- - Beds
- - Baths
- 3,648 sq. ft.
- Multi-family
- Active
Listed by: sheida rezazadeh
Office: keller williams r. e. services818-432-3200
MLS#:GD26054879
Source:CRMLS
Price summary
- Price:$999,000
- Price per sq. ft.:$273.85
About this home
Prime value-add four-unit investment opportunity located in the highly desirable Highland Park neighborhood. Situated at 5048–5050 E Echo Street, this Spanish Revival-style property offers strong rental demand and long-term upside potential in one of Northeast Los Angeles’ most dynamic markets.
The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units located on each level. Each unit features a comfortable and functional layout with generous living space. The property has undergone recent plumbing upgrades and includes newer windows, providing added value and long-term reliability.
Currently generating approximately $3,700 per month in rental income, the property is tenant-occupied with long-term residents. Current rents are below market, presenting a compelling opportunity for future rental growth and repositioning (buyer to verify).
Situated on a LARD1.5 zoned lot, the property includes four detached garages at the rear, offering potential for ADU or Jr. ADU conversion to further increase income potential (buyer to verify with the City of Los Angeles).
Ideally located near York Boulevard and Figueroa Street, the property is close to Highland Park’s popular restaurants, cafés, shops, nightlife, local parks, and the Metro A Line. It also offers convenient access to Downtown Los Angeles, South Pasadena, and Pasadena, as well as major freeways including the 110, 5, 134, and 210, providing excellent connectivity throughout the region.
With its desirable location, strong rental demand, and value-add potential, this property presents an excellent opportunity for investors seeking to enhance returns and build long-term equity.
Drive-by only. Please do not disturb occupants....
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Home facts
- Year built:1924
- Listing ID #:GD26054879
- Added:57 day(s) ago
- Updated:May 13, 2026 at 10:45 AM
Rooms and interior
- Living area:3,648 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Spanish Tile
- Year built:1924
- Building area:3,648 sq. ft.
- Lot area:0.11 Acres
- Architectural Style:Spanish
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$273.85
Features and amenities
- Laundry features:Inside
- Amenities:Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:4
- Parking description:Direct Access, Garage
- Garage:Yes
- Garage spaces:4
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