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715 Douglas Street, Los Angeles, CA 90026

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For Sale

$2,575,000

10 beds • 8 baths • 3,325 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $774.44
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

The 2-4 Unit Specialists are pleased to present 715 Douglas St, 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 5.74%, 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!
MLS# BB25097040

Courtesy Of Myunits.com

(844) 698-6487

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Range, Range - Gas, Refrigerator, Washer, Water - Instant Hot
  • Architecture Style
    Other
  • View Type
    City

Map and Directions

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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