Twitter
Facebook
Email
|
Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal. The property currently generates approximately $10,508 per month with current rents: 2br townhouse $2,111 1BR $2,054 1BR $1,849 1BR $1,373 Single $800 and a vacant 1 bedroom projected $2400 Projected market rental potential of up to $13,800 per month: All 1 Bedroom units market value of $2400. The 2BR townhouse market rent is $2700 The Single market rent is $1500. Plenty of upside when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets.
| DAYS ON MARKET | 130 | LAST UPDATED | 12/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1982 | COMMUNITY | 606 - Atwater |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Sep 15, '25 | $1,749,000 |
|---|---|
| Sep 15, '25 - Oct 17, '25 | $1,695,000 |
| Oct 17, '25 - Dec 2, '25 | $1,649,000 |
| Dec 2, '25 - Today | $1,595,000 |
| ADDITIONAL DETAILS | |
| AREA | 606 - Atwater |
|---|---|
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 6042 sq ft |
| LOT DIMENSIONS | 45x135 |
| PARKING | Assigned, Carport, Gated, Private |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Contemporary |
| VIEW | Yes |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 12/14/25 6:06 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.