933 New Depot St
Los Angeles, CA 90012 Echo Park

High-Yield Turnkey Duplex in Victor Heights | 6.93% Cap Rate

Exceptional investment or owner-user opportunity in the "hidden gem" pocket of Victor Heights, perfectly positioned between Echo Park and Downtown Los Angeles. This rare stacked duplex (Units 6 & 7) within a secure gated community offers a powerful 6.93% Cap Rate at the asking price—a top-tier yield for turnkey RSO assets in the 90012 area.

Both residences have been tastefully remodeled with a modern minimalist aesthetic. Each 2-bedroom, 1-bathroom unit features open-concept living, granite countertops, custom cabinetry, and high-quality laminate flooring. Unit 6 boasts a private balcony with jaw-dropping views of the iconic Downtown LA skyline.

Investor Highlights:
• Independence: Separate gas and electric meters, plus individual gas water heaters.
• Managed Expenses: Base HOA dues of $294/month include Water, Sewer, and Trash.
• Financial Note: Monthly dues currently include an additional $364.70 special assessment to cover adjusted building insurance costs (Total monthly carry: $658.70).
• Amenities: Gated subterranean parking with 2 assigned spaces and shared laundry facilities.
• Location: Walk Score of 86; minutes from Echo Park Lake, Dodger Stadium, and Grand Ave Arts.
• Stability: Subject to LA Rent Stabilization (RSO) in a high-demand rental market.

Delivered turnkey and ready for immediate cash flow. This is the ideal asset for a savvy investor or a buyer looking to live in one and have the other pay the mortgage while enjoying significant appreciation potential in one of LA's most desirable urban pockets.