828 Laguna Ave, Echo Park, CA 90026

Property Description

This triplex (and adjacent land next to it, owned by the same seller but listed separately) are in the HEART of Echo Park. A stone's throw from Echo Park Lake which ever since it's $64mill dollar renovation in 2013, has become the epicenter of this community, thriving with activity and one of the must Instagram spots of Los Angeles. Smack dab between Hollywood and Downtown Los Angeles, Echo Park is a haven for those in tech, media, marketing, entertainment and beyond. There is so much demand for housing in this area! The subject triplex represents a great opportunity to own what would be a strong asset to have for years to come. The seller would prefer to sell this triplex parcel along with the two adjacent land parcels (which have their own, separate land listing). The triplex is approx 1,575 sf, with one studio unit and two one bedroom units. The estimated unit sizes are 300 sf for the studio, and 630 sf for each of the one bedroom units. The architecture is that of the classic 1920's era Spanish look that Echo Park is known for. Any renovations would likely need the approval of the HPOZ Board. It may be possible to add more buildings on this lot, but that is to be verified with the HPOZ and city planning dept. The land has the TOC Tier 2 zoning incentive.