1515 Echo Park Ave, Los Angeles, CA

Name: 1515 Echo Park Ave, For Sale in Los Angeles - eXp Realty
Brand: Compass
SKU: 25631421
Price: 1700000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,700,000

444

MLS® 25631421

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 2651 sqft

Garage Yes

HOA Fees

Taxes

Days Active 0

Approx. Age 1904

Avg. Price Per Sqft $641

MLS® Number 25631421

Property Address: 1515 Echo Park Ave, Los Angeles, CA, 90026-2645

Average square foot calculated using Size range provided by listing agent.

Description

1515 Echo Park presents a mixed-use investment opportunity located along Echo Park Ave, just north of Sunset Blvd. Echo Park continues to attract long-term renters and owner-users drawn to its proximity to Sunset Blvd, Echo Park Lake, and Elysian Park, as well as to direct access to DTLA and surrounding Eastside neighborhoods (Silver Lake, Los Feliz, and Atwater Village). The property is comprised of a street-front commercial space, a Craftsman-style single-family residence DELIVERED VACANT with 2-bdrms and 2-baths, an attached studio unit at the rear of the home, and a detached rear building containing (2) 1-bdrm units. The layout offers a diversified income profile while preserving a residential scale that blends naturally with the surrounding neighborhood. Property amenities include community laundry, a two-car garage located at the rear of the site, and an outdoor entertainment area well-suited for year-round use, including al fresco dining and shared outdoor gatherings. A defining feature of the offering is its walkable location in Echo Park. The property is situated approximately 0.3 miles north of Sunset Blvd, placing it within close proximity to many of the neighborhood's most established cafs, restaurants, boutiques, and nightlife destinations. Echo Park Lake is approximately 0.6 miles from the property, and Dodger Stadium is roughly 1 mile away and accessible by foot or bike. The entrance to Elysian Park is also approximately 0.6 miles from the site, providing immediate access to hiking trails, open space, and panoramic views of the city. From an investment standpoint, the property is offered at a 5.82% CAP rate on current rents with approx. 18% rental upside. At projected market rents, the property is expected to stabilize at a 6.84% CAP rate and a 10.27 GRM. Not all units have been renovated, allowing investors to capture additional upside through interior improvements over time. The interior photography provided reflects a recently renovated one-bedroom unit and illustrates the potential finish level achievable across the remaining units. Overall, 1515 Echo Park Avenue offers a well-located, mixed-use asset that combines residential character, walkability, and meaningful income growth potential within one of Los Angeles' most recognizable Eastside neighborhoods.

MLS® Number25631421

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area, Laundry Room

Exposure

Exterior

GarageYes

Approx. Age1904

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 29, 2025List Date

$1,700,000List Price

Commute

Commute

Starting Address

Destination Address

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