$395,000
Echo Park, CA 90026
Los Angeles
County
Land
Property Type
Rare opportunity in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. The property is ideally situated near shopping, dining, entertainment, public transportation, and major employment centers. This offering presents an exceptional opportunity for investors and developers seeking an income-producing asset with significant additional development potential in a highly desirable and centrally located Los Angeles market. Vacant Lot 1: APN 5419-024-005 | Approx. 6,178 SF | $395,000 Vacant Lot 2: APN 5419-024-006 | Approx. 6,165 SF | $395,000 Vacant Lots Total: Approx. 12,343 SF Access: Vacant lots are accessed via Fairbanks Place The two adjacent vacant lots (APNs 5419-024-006 & 5419-024-005) may be purchased together with the rear portion of 1427 Laveta Ter, creating a substantial development opportunity. Existing 6-Unit Property: • Building Size: Approx. 6,546 SF • Existing Lot Size: Approx. 10,260 SF • Combined Land Opportunity: Approx. 22,603 SF • Asking Price: $1.299M (6 units) + $395K(vacant lot) + $395K (vacant lot) Investor & Developer Opportunity: Income-producing 6-unit property combined with two adjacent vacant lots, offering potential for future development and long-term value creation. Excellent central Los Angeles location with convenient freeway access and proximity to Downtown LA and Dodger Stadium. Buyer to independently verify all property information, zoning, development potential, lot dimensions, access, and allowable uses with the appropriate agencies. Seller needs to do 1031 Exchange at no cost to the Buyer
$2,102/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
Last updated: October 21, 2026 at 5:30 PMThe multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
