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1400 Carroll Ave is an artfully restored historical triplex in the heart of Echo Park, one of Los Angeles’ most vibrant and sought-after neighborhoods. The property currently offers a return of 5.19%, with the existing A+ tenants paying $7,196, $5,400, and $3,502 in rent. Additionally, the property is being delivered with SHOVEL READY plans for a freestanding 2-bedroom, 2-bathroom ADU and RTI plans for a second 2-bedroom, 2.5-bathroom freestanding ADU. We project over $1 million in added value with the construction of these units.Located on Carroll Avenue, widely regarded as one of the most charming streets in the area, this property is just a short distance from Echo Park Lake, the iconic Baxter Street Stairs, and neighborhood favorites like Lowboy, The Echo, and Bar Flores.Fully remodeled from top to bottom, 1400 Carroll/715 Douglas features brand-new systems, high-end custom finishes, and thoughtfully designed interiors, blending modern amenities with timeless character. The unit mix includes two 4-bedroom, 3-bath units and one 2-bedroom, 2-bath unit, all boasting in-unit washer/ dryers, landscaped patio areas, and bespoke finishes that make each space truly unique. To sweeten the deal, the triplex comes fully furnished, offering a turnkey opportunity for investors or owner-users.Buyers who build the ADUs could achieve close to a 7.5% cap rate, ensuring strong returns in one of LA’s hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 1400 Carroll Ave is a rare find in Echo Park. Don’t miss this chance to own an artfully restored gem with modern amenities and exceptional long-term value in one of Los Angeles’ trendiest neighborhoods!
Property Type(s):
Residential Income
| Last Updated | 2/11/2025 | Year Built | 1924 |
|---|---|---|---|
| Community | Silver Lake - Echo Park | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Oven, Gas Range, Refrigerator, Washer |
| AREA | Silver Lake - Echo Park |
| EXTERIOR | Lighting |
| GARAGE | On Street |
| HEAT | Central |
| INTERIOR | Instant Hot Water |
| LOT | 6822 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 33351 |
| UTILITIES | Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LAR2 |
Location
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