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Prime value-add four-unit investment opportunity in the heart of highly sought-after Highland Park. Located at 5048-5050 E. Echo Street, this charming Spanish Revival-style property offers strong current income, significant upside potential, and an exceptional opportunity to invest in one of Northeast Los Angeles' most vibrant and rapidly growing neighborhoods. The property consists of four spacious one-bedroom, one-bathroom units totaling approximately 3,648 square feet, with two units situated on each level. Each unit offers a functional floor plan with generous living areas, abundant natural light, and classic architectural character. Recent improvements include upgraded plumbing and newer windows, adding long-term value and reducing future maintenance concerns. Currently tenant-occupied with long-term residents, the property generates approximately $3,700 per month in rental income. Existing rents are below current market levels, presenting a compelling opportunity for future rental growth and repositioning potential (buyer to verify). Situated on a desirable LARD1.5 zoned lot, the property also features four detached garages located at the rear of the property, creating excellent potential for ADU and/or Jr. ADU conversion to further maximize income and value (buyer to verify with the City of Los Angeles). Ideally positioned near the vibrant York Boulevard and Figueroa Street corridors, the property is surrounded by Highland Park's popular restaurants, coffee shops, boutiques, nightlife, art venues, and local parks. Convenient access to the Metro A Line and major freeways including the 110, 5, 134, and 210 allows for easy commuting to Downtown Los Angeles, Pasadena, South Pasadena, Glendale, and surrounding areas. With strong rental demand, desirable zoning, classic architectural appeal, and substantial upside potential, this is an outstanding opportunity for investors seeking to enhance cash flow and build long-term equity in a premier Los Angeles rental market. Drive-by only. Please do not disturb occupants.
Property Type(s):
Residential Income
| Last Updated | 5/18/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | 632 - Highland Park | Garage Spaces | 4.0 |
| County | Los Angeles |
Price History
| Prior to May 18, '26 | $999,000 |
|---|---|
| May 18, '26 - Today | $899,000 |
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 |
| PARKING | Direct Access, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| 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.
This IDX solution is (c) Diverse Solutions 2026.
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