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Prime value-add four-unit investment opportunity located in the highly desirable Highland Park neighborhood. Situated at 5048-5050 E Echo Street, this Spanish Revival-style property offers strong rental demand and long-term upside potential in one of Northeast Los Angeles' most dynamic markets. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units located on each level. Each unit features a comfortable and functional layout with generous living space. The property has undergone recent plumbing upgrades and includes newer windows, providing added value and long-term reliability. Currently generating approximately $3,700 per month in rental income, the property is tenant-occupied with long-term residents. Current rents are below market, presenting a compelling opportunity for future rental growth and repositioning (buyer to verify). Situated on a LARD1.5 zoned lot, the property includes four detached garages at the rear, offering potential for ADU or Jr. ADU conversion to further increase income potential (buyer to verify with the City of Los Angeles). Ideally located near York Boulevard and Figueroa Street, the property is close to Highland Park's popular restaurants, cafés, shops, nightlife, local parks, and the Metro A Line. It also offers convenient access to Downtown Los Angeles, South Pasadena, and Pasadena, as well as major freeways including the 110, 5, 134, and 210, providing excellent connectivity throughout the region. With its desirable location, strong rental demand, and value-add potential, this property presents an excellent opportunity for investors seeking to enhance returns and build long-term equity. Drive-by only. Please do not disturb occupants.
Property Type(s):
Residential Income
| Last Updated | 3/16/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | 632 - Highland Park | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 632 - Highland Park |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 4643 sq ft |
| LOT DIMENSIONS | 4644 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Keller Williams R. E. Services
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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