1303 Lilac Terrace, Los Angeles, CA 90026
Local realty services provided by:CENTURY 21 Epic
1303 Lilac Terrace,Los Angeles, CA 90026
$4,300,000
- - Beds
- - Baths
- 5,975 sq. ft.
- Multi-family
- Active
Listed by: stephen biskup, christina dreyer
Office: sotheby's international realty
MLS#:PF26016505
Source:CRMLS
Price summary
- Price:$4,300,000
- Price per sq. ft.:$719.67
About this home
A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings or conversion into condos. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Seller is willing to carry the loan at a substantial down payment. Don’t miss this opportunity!...
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Home facts
- Year built:1923
- Listing ID #:PF26016505
- Added:277 day(s) ago
- Updated:October 27, 2026 at 12:53 PM
Rooms and interior
- Living area:5,975 sq. ft.
Structure and exterior
- Year built:1923
- Building area:5,975 sq. ft.
- Lot area:0.5 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,300,000
- Price per sq. ft.:$719.67
Parking
- Total parking spaces:3
- Garage:Yes
- Garage spaces:3
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