About this home

PRICE IMPROVEMENT. Make us a reasonable offer. Value-add opportunity with three vacant units. Amazing investment opportunity in the heart of Historic Filipino Town (HiFi)! This fully renovated, turnkey 5-unit apartment complex offers an exceptional value-add opportunity with three vacant units ready for immediate lease-up at potential area market rent amounts. Projections for the 3 vacant units are based on area market rent amounts. Potential buyers must conduct their own rent estimates to arrive at their own opinion of value. The property features an attractive unit mix of two 2-bedroom/1-bath units, two 3-bedroom/1.5-bath units, and one spacious 3-bedroom/2-bath unit. Each residence is thoughtfully updated and includes a stove, refrigerator, dishwasher, and in-unit stackable washer and dryer, central air and heat, making it highly desirable for today's tenants. Ideally situated just minutes from Silver Lake, Echo Park, Downtown Los Angeles, MacArthur Park, Lafayette Park, and the vibrant Beverly Boulevard corridor, this location provides outstanding access to shopping, dining, entertainment, and employment centers. Commuters will appreciate the close proximity to the Metro B (Red) and D (Purple) Lines as well as convenient access to the 101 and 110 Freeways. The property also includes 10 on-site parking spaces, offering the potential to generate additional income through parking rentals. 5 covered garage spaces are able to fit a small car, or used as storage spaces. Another 5 uncovered spaces offer the potential to generate additional income through rentals. Whether you're completing a 1031 exchange, expanding your portfolio, or seeking a stabilized asset with immediate upside, this rare opportunity combines strong cash-flow potential, renovated improvements, and a prime central Los Angeles location. Investors won't want to miss this one!

Facts and features

Schools

• Lake Street Primary School

  elementary · K-1 · 0.2 mi

• Sal Castro Middle School

  middle · 6-8 · 0.7 mi

  5

• Belmont Senior High School

  high · 9-12 · 0.8 mi

  3

• St. Nicholas Primary & Child Care

  elementary · K-6 · 0.2 mi

• Rosemont Avenue Elementary School

  elementary · 2-5 · 0.4 mi

  5

• Citizens Of The World Charter School Silver Lake

  elementary · K-8 · 0.1 mi

  6

Price history

• Oct 20, 2026 · Price Changed$1,595,000
• Sep 9, 2026 · Price Changed$1,797,966
• Aug 5, 2026 · Listed$1,897,966
• Mar 17, 2022 · Listing Removed—
• Jan 13, 2022 · Listed$2,550,000
• Dec 24, 2021 · Listing Removed—
• Oct 29, 2021 · Listed$2,795,000
• Nov 10, 2020 · Listing Removed—

Tax history

• 2025$17,461 tax · $1,399,524 assessed
• 2024$17,232 tax · $1,372,083 assessed
• 2023$16,915 tax · $1,318,805 assessed
• 2022$16,162 tax · $1,292,947 assessed
• 2021$15,948 tax · $1,267,596 assessed
• 2020$16,113 tax · $1,254,600 assessed
• 2019$15,500 tax · $1,230,000 assessed
• 2018$10,068 tax · $765,790 assessed

Home value

$968,000

• Collateral Analytics$968,000

Where it is