1016 Laguna Avenue
Los Angeles, CA 90026 • 6 Bed • 5 Bath • 2,918 sq.ft.

Property summary

MAJOR PRICE IMPROVEMENT! SELLER MOTIVATED! BRING ALL OFFERS! Rare Echo Park Lakefront 5-Unit Income Property with Stunning Views. An exceptional opportunity to own a trophy 5-unit income property in one of Echo Park's most coveted locations Echo Park Lake. Set on an elevated lot, this rare gem offers stunning views of the city skyline, combining timeless character with strong income potential. The well-maintained property features five unique units: two charming detached studio bungalows, a spacious 2-bedroom/1-bath unit, and two additional studio bungalow units in a separate building. Each residence has been thoughtfully updated to retain its original warmth and architectural integrity, offering inviting interiors and a peaceful atmosphere. Tenants enjoy the unbeatable experience ofliving above the lake, with Echo Park's walking paths, paddle boats, and gardens just steps from their front doors. The vibrant energy of local shops, cafes, and nightlife is mere minutes away, yet the property maintains a tranquil, park-side feel. Additional features include a detached garage offering off-street parking and storage potential. Whether you're an investor looking for stable income and long-term appreciation, or an owner-user seeking a legacy asset in anirreplaceable location, this is a truly rare offering in the heart of Echo Park.

Days on market: 34

Listing updated: August 28, 2025 - 06:09:08

Property details

Property ID
25565157
Size
2918 sq.ft.
Home Type
Residential Income
Year Built
1923
Property Size
0.1263 acre
Garage
4
Levels
Spa
None
Patio
Front Porch, Open, Patio
Basement
No
View
City Lights, Canyon, Lake
Pool
None

Listed by: Will Tiao DRE #01918965 310-569-1335, The Collective Realty - Beverly Hills/Greater LA

Source: Beverly Hills/Greater LA, MLS#: CLW-X80543 Originating MLS: CRMLS

Interior information

Rooms
Bathrooms
5
Kitchen
Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Dryer, Washer
Cooling
N/A
Heating
N/A
Flooring
Carpet, Wood
Laundry
N/A
$1,595,000
Property price
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Revesty savings: $58K
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Working hours: Monday to Friday 9:00am - 6:00pm (PST)

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-09-04 17:24:00 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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