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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

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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
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
  • Listing ID: 37640824

  • Date on Market: 9/11/2025

  • Last Updated:

  • Address: 1545 Duane St, Los Angeles, CA 90026

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