Property Details
About this Property
A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park area of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & Silverlake. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow individual buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 5975 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the remodeling of the bungalows. All units are separately metered for gas & electricity and trash which are paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. and has room for expansion of more buildings. Property is offered at a current 5.1% CAP rate with room to grow the rents as they are month to month leases. Don’t miss this opportunity!
MLS Listing Information
MLS #
CRPF26016505
MLS Source
California Regional MLS
Days on Site
9
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Contact Information
Listing Agent
Stephen Biskup
Sotheby's International Realty
License #: 01854478
Phone: (626) 428-6010
Co-Listing Agent
Christina Dreyer
License #: 00999071
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1303 Lilac Ter is a Residential Income in Los Angeles, CA 90026. This – square foot property sits on a 21,718 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,300,000 and was built in 1923. This address can also be written as 1303 Lilac Ter, Los Angeles, CA 90026.
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This listing information is up-to-date as of January 23, 2026. For the most current information, please contact Stephen Biskup, (626) 428-6010
