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1545 Duane St - Triplex with 1 Unit Vacant in Echo Park! 3 Unit Apartment Building Offered at $1,175,000 at a 5.14% Cap Rate Los Angeles, CA 90026



INVESTMENT HIGHLIGHTS
- 1 unit vacant & detached with in-unit washer/dryer
- Three total units: two updated 1BR/1BA apartments plus one standalone 1BR/1BA California bungalow with private outdoor space
- Strong in-place income of $4,080/month with pro forma rents of $7,030/month ($84,360 annually) at stabilization
- Ideal elysian heights location off Echo Park Ave
- Vacant bungalow delivered at closing, refreshed with chic mid-century style and highly desirable for an owner-user or premium rental
- Excellent opportunity for an owner-occupier to live stylishly in Echo Park while offsetting their mortgage with rental income
EXECUTIVE SUMMARY
Echo Park is a neighborhood that lives at the intersection of creativity and culture, and 1545 Duane Street captures that spirit in every way. This rare three-unit property offers the kind of lifestyle buyers dream of privacy, design, and community all just steps from the energy of Sunset Boulevard, Echo Park Lake, and Dodger Stadium. Trendy cafes, independent shops, and leafy parks surround you, creating a neighborhood where every day feels connected and inspired. At its heart is a standalone 1-bedroom, 1-bath bungalow with an additional office, staged to highlight its mid-century aesthetic and clean, modern charm. The home's open floor plan, upgraded laminate floors, and mini-split system make it as functional as it is stylish, while the front and side yard create a true indoor-outdoor oasis. It's the perfect setting for morning coffee, evenings with friends, or quiet moments of retreat. Two additional residences provide steady income, with one recently renovated and both paying close to market rents. For those who have been priced out of a single-family home in Echo Park, this is a rare chance to live in a house-like setting while offsetting your payment with income from the other units. 1545 Duane Street isn't just an investment it's an invitation to live beautifully, surrounded by one of Los Angeles' most vibrant and creative communities.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,360
|
$47.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,531
|
$1.42
|
| Effective Gross Income |
$81,829
|
$45.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,476
|
$12.04
|
| Net Operating Income |
$60,353
|
$33.83
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $84,360 |
| Annual Per SF | $47.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,531 |
| Annual Per SF | $1.42 |
| Effective Gross Income | |
|---|---|
| Annual | $81,829 |
| Annual Per SF | $45.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,476 |
| Annual Per SF | $12.04 |
| Net Operating Income | |
|---|---|
| Annual | $60,353 |
| Annual Per SF | $33.83 |
PROPERTY FACTS
| Price | $1,175,000 | Property Type | Multifamily |
| Price Per Unit | $391,667 | Building Size | 1,784 SF |
| Sale Type | Investment | Average Occupancy | 67% |
| Cap Rate | 5.14% | No. Stories | 1 |
| Gross Rent Multiplier | 13.93 | Year Built/Renovated | 1910/2020 |
| No. Units | 3 | Parking Ratio | 0.56/1,000 SF |
| Zoning | LAC1 | ||
| Price | $1,175,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 13.93 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,784 SF |
| Average Occupancy | 67% |
| No. Stories | 1 |
| Year Built/Renovated | 1910/2020 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | LAC1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,218 | 580 - 602 |
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1545 Duane St - Triplex with 1 Unit Vacant in Echo Park!
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