Duplex in Echo Park | 1517 Baxter St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Duplex in Echo Park 1517 Baxter St
2 Unit Apartment Building $1,150,000 ($575,000/Unit) 3.45% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Delivered with one unit vacant
- A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium
- Nestled in one of the most desirable neighborhoods of Echo Park
Executive Summary
Nestled in one of the most desirable neighborhoods of Echo Park, this duplex offers a fantastic investment opportunity or owner-user with incredible potential. A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium as well as top-rated schools, trendy shops, popular restaurants, coffee houses, and vibrant nightlife. This property is perfectly situated to attract tenants who value convenience and community. The building consists of two spacious 2-bedroom units. One unit will be delivered vacant, allowing for immediate updates and the flexibility to set your ideal rents, or perfect for an owner-user. While the property would benefit from some updating, it boasts solid bones and a location that can't be beat. With its prime location and a little vision, this property is ready to be transformed into a high-demand rental or long-term hold. This prime location offers easy access to vibrant local amenities and transportation options including the 2, 101, 5, 110 freeways. *Adjacent four-plex, 2106 Valentine St., can be purchased with this property.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,150,000 | Property Subtype | Apartment |
| Price Per Unit | $575,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.45% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 20.8 | Building Size | 1,648 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1923 |
| Price | $1,150,000 |
| Price Per Unit | $575,000 |
| Sale Type | Investment |
| Cap Rate | 3.45% |
| Gross Rent Multiplier | 20.8 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,648 SF |
| No. Stories | 1 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 of 1
zoning
| Zoning Code | LAR2 (Multiple Dwelling Zone) |
| LAR2 (Multiple Dwelling Zone) |
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Duplex in Echo Park | 1517 Baxter St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.