523 N Lake St - 523 N LAKE ST, LOS ANGELES, CA 90026 2 Unit Apartment Building Offered at $1,200,000 at a 2.33% Cap Rate Los Angeles, CA 90026

Located in the highly desirable Echo Park/Silver Lake area of Los Angeles, 523 N Lake St presents an exceptional multifamily investment opportunity with strong long-term upside. This well-located duplex sits on an approximately 8,400 SF LARD2-zoned lot and features approximately 2,618 SF of building area, offering investors the opportunity to capitalize on one of Los Angeles' most sought-after rental markets. The property was originally built in 1912 and is situated in a vibrant neighborhood known for its strong rental demand, walkability, and proximity to Downtown Los Angeles.
Conveniently located just minutes from Downtown LA, Echo Park Lake, Silver Lake, Sunset Boulevard, Dodger Stadium, and major freeways, the property provides excellent access to employment centers, entertainment, restaurants, shopping, and public transportation. Whether for long-term hold, value-add improvements, or future redevelopment (buyer to verify), this asset offers investors a rare opportunity to acquire property in one of Los Angeles' most supply-constrained neighborhoods.