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Listed by Cheyenne N. Womack • Myunits.com Inc.
$2,600,000
Est. payment /mo
3,325 SqFt
Active
715 Douglas Street Los Angeles, CA 90026
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,325 sqft
Price per Sqft $781
MLS Listing ID BB-25097040
Year Built 1924
Lot Size 6,822 Sqft
Property Sub-Type Triplex
Property Description
715 Douglas St is an artfully restored historical triplex in the heart of Echo Park, one of Los Angeles' most vibrant and sought-after neighborhoods. The property currently offers a return of 5.67%, with the existing A+ tenants paying $7,196, $5,400, and $3,502 in rent. Additionally, the property is being delivered with SHOVEL READY plans for a freestanding 2-bedroom, 2-bathroom ADU and RTI plans for a second 2-bedroom, 2.5-bathroom freestanding ADU. We project over $1 million in added value with the construction of these units. Located on Douglas Street, widely regarded as one of the most charming streets in the area, this property is just a short distance from Echo Park Lake, the iconic Baxter Street Stairs, and neighborhood favorites like Lowboy, The Echo, and Bar Flores. Fully remodeled from top to bottom, 715 Douglas features brand-new systems, high-end custom finishes, and thoughtfully designed interiors, blending modern amenities with timeless character. The unit mix includes two 4-bedroom, 3-bath units and one 2-bedroom, 2-bath unit, all boasting in-unit washer/dryers, landscaped patio areas, and bespoke finishes that make each space truly unique. To sweeten the deal, the triplex comes fully furnished, offering a turnkey opportunity for investors or owner-users. Buyers who build the ADUs could achieve close to a 7.5% cap rate, ensuring strong returns in one of LA's hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 715 Douglas St is a rare find in Echo Park. Don't miss this chance to own an artfully restored gem with modern amenities and exceptional long-term value in one of Los Angeles' trendiest neighborhoods!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplaces Type Dining Room
Laundry Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Exterior
Exterior Feature Lighting
Parking Features Street
Pool None
Community Features Sidewalks, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer