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1303-1315 Laveta Ter
Los Angeles, CA 90026 Echo Park

$2,590,000 USD

Apartments For Sale  •  5,664 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,664 SF
  • Lot Size 0.83 AC
  • Building Class C
  • Year Built 1921
  • Zoning R3, Los Angeles
80 Transit Score
80 Walk Score

Highlights

77% Rent Upside — In-place rents average $727/month vs. market medians of $1,795–$2,305.
Two Separate Legal Parcels — Independent disposition since 2023 lot tie termination. Operate together, sell separately, or develop independently.
Lender-Owned REO, Clear Title — Bank-owned post-February 2026 foreclosure. Clean title, no seller contingencies.
1303 House with Pool — 3BD/3BA on 11,059 SF lot. Vacant, available at ~$5,800/month. Comps support $756–$976/SF standalone value.
Seismic & Structural Work Completed — Engineer-designed foundation retrofit (2005) at house; apartments received foundation bolting (2011).
35-Unit Density Potential — TOC Tier 3 allows 35 units by right on 0.85 acres. C2 zoning supports mixed-use.

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 2.2 mi
AirportDriveWalkDistance
Bob Hope 22 min - 14.3 mi
Los Angeles International 28 min - 17.0 mi
Long Beach (Daugherty Field) 34 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Glen Scher 818-667-6683 Marcus & Millichap
Glen Scher 818-667-6683 Marcus & Millichap