Property listed by Equity Smart Real Estate Services, Hector Benavidez 323-702-5722
$1,649,900
***EXCEPTIONAL INVESTMENT OPPORTUNITY IN ECHO PARK*** Located at 1129 Logan St, Los Angeles, CA 90026, this charming residence offers a unique opportunity for both homeowners and developers. Situated within walking distance to the iconic Echo Park Lake, the property provides a perfect blend of location, potential, and community vibe.… Read More The existing home features three generous bedrooms, an additional room suitable as a fourth bedroom, and two full bathrooms, providing ample space for comfortable living. Its versatile layout offers tremendous potential for renovation, expansion, or custom upgrades to suit your vision. ***Development Potential*** ACCORDING TO Senior Architect Office of Historic Resources Los Angeles City Planning: City will allow new owner to build 2 additional units in the back of the property plus also add to the main Home. (Potential for 4 units in total) *Please check with the city for more information.* This property is ideal for investors or builders looking to capitalize on Echo Park’s dynamic growth. Zoning allows for the development of up to four additional units, making it a prime site to create a multi-unit residential complex. The neighborhood’s high demand for boutique, walkable living spaces ensures excellent prospects for rental income or future sale. Enjoy proximity to vibrant parks, trendy cafes, boutiques, and cultural hubs, all within a short walk. This property represents a rare chance to own a piece of one of Los Angeles’ most desirable neighborhoods with significant development upside. *** I WILL PROVIDE MORE INFORMATION FROM THE CITY OF ECHO PARK ABOUT DEVELOPING IF NEED IT *** ***Don’t miss this outstanding opportunity to invest, develop, and be part of Echo Park’s thriving community*** Read Less
Listing Snapshot
Days Online
5
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,372
Lot Size
0.15 Acres
Year Built
1909
MLS Number
CV25250761
30 Days Snapshot Of 90026
$1.11M
-38%
(avg) sold price
14
+40%
homes sold
68
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1909, Levels: Two, Living area: 1372, 2 stories, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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