Attention developer, the opportunity of a lifetime. Tucked in the pocket of a million-dollar neighborhood of Angelino Heights, adjacent to Silver Lake and Echo Park, this property offers a rare opportunity to secure a foothold in one of Los Angeles' most historic and in-demand neighborhoods. Whether you're an investor or flipper looking to capitalize on strong appreciation and proven comps, or an end-user seeking instant equity upon upgrade in a character-rich pocket of the city, this property delivers exceptional upside. Located within the Angelino Heights Historic Preservation Overlay Zone (HPOZ), the surrounding streets are lined with beautifully restored Victorian and Craftsman homes, including the iconic Queen Anne and Eastlake Victorians of nearby Carroll Avenue, a streetscape recognized by City Planning as one of the city's most architecturally significant. This gives a clear blueprint for what this property could become with the right vision. Just moments from Downtown, Echo Park, Silver Lake, Sunset Junction for LA's best coffee shops, restaurants, and nightlife, and within walking distance of Dodger Stadium. This is a rare chance to add value in a neighborhood where demand and prices continue to appreciate. Bring your vision and make this gem your own. This home is a duplex, one unit is delivered vacant. Please request a buyer due diligence materials.
Multi-familyProperty Type
1903Year Built
3,383 sq ftLot Size
$294Price/Sq.Ft.
Listed by Arthur Yoon•DRE #01955545
•213-800-2969 (agent)
•arthur@arthuryoon.com (agent)
Listed by Sukyoung Lee•DRE #01891854
•213-265-6694 (agent)
•LSK0310@Gmail.com (agent)
Bought with Jeremy Flores•DRE #01865943• Jeremy Flores
Replace the roof with a class A or B material over new solid sheathing. Apply a cool roof product labeled and certified by the Cool Roof Rating Council for residential roof replacements.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
None
Interior
Heating & Cooling
No Cooling
Wall Heat
Multi-Unit Income
Gross Income: 68400
Gross Operating Income: $66,348
Net Operating Income: $46,444
Multi-Unit Expenses
Total Annual Expense: $19,904
Multi-Unit Other Financial Information
Cap Rate: 7.15
Gross Rent Multiplier: 9.5
Vacancy Rate: 50
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1, 2
Type Of Units: Duplex
# of Buildings: 1
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Projected Rent: $2,500
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $864.19
Projected Rent: $2,500
Actual Rent: $864.19
# of Units: 2
Exterior
Building Information
Multi Levels
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 3,383
Lot Size (Acres): 0.0777
Zoning: LARD2
Financial
Assessment Information
Assessed Total Value: $263,526
Assessed Land Value: $92,132
Assessed Land %: 34.96
Assessed Improvement Value: $171,394
Assessed Improvement %: 65.04
Assessor Parcel Number: 5405-024-001
Location
Community Information
# of Units in Complex (Total): 2
Location Information
Directions: In the corner of East Edgeware rd and Bellevue ave. South West of Sunset Blvd.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,803
Stories: —
Lot Size: 3,383 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1903
Year Renovated: 1925
County: Los Angeles County
APN: 5405024001
Home facts updated by county records on Sep 19, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Betty Plasencia Elementary School
Public K-5 • Assigned • 0.2mi
4/10
Sal Castro Middle School
Public 6-8 • Assigned • 0.7mi
5/10
Edward R. Roybal Learning Center
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Local insights from Redfin agents
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
reliable, high-value wealth growth in this iconic City.
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 94° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
8 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Los Angeles, CA • 90026
Average low and high temperatures (°F)
70
49
72
51
74
53
73
53
75
57
80
60
84
62
87
64
84
63
80
58
72
52
70
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in Los Angeles. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.4 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$538,000 – $651,000
Sell confidently with a local market expert in Los Angeles.