434 N Lake St 5 Unit Apartment Building $1,554,244 CAD ($310,849 CAD/Unit) 6.91% Cap Rate Los Angeles, CA 90026

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 434 N Lake Street in Los Angeles, California. The subject property is located in a solid Echo Park location, north of Temple Street and west of Alvarado Street. Marcus and Millichap is pleased to present a five (5) unit apartment building located at 434 N Lake Street in Los Angeles, California. The subject property is located in a solid Echo Park location, north of Temple Street and west of Alvarado Street.
This well-maintained property is located in Echo Park, offering an excellent unit mix of three (3) one-bedroom and two (2) two-bedroom units—all separately metered for electricity and gas—on a spacious 11,683 SF lot. Three of the five units are vacant, allowing market rents from day one. This property is a prime value-add opportunity, especially with SB1211 allowing for potential ADU conversions in the garage or rear parking lot. Tenants enjoy a gated and secure environment, lush, landscaped front yard, and full on-site parking with eight (8) dedicated spaces. Recent improvements include a new roof and completed soft story retrofit. Situated on a quiet street just off Temple, the property boasts walkable access to local hotspots like Tribal Cafe, Boba Guys, and Echo Park Lake, as well as dominant connectivity to Vermont, Normandie, and the 101/110 freeways. This is a rare chance to invest in a stable asset with long-term growth in a highly desirable Los Angeles neighborhood.
With strong rental upside and potential for ADU conversion under SB1211, this property offers a rare investment opportunity in a prime Echo Park location poised for continued growth.