715 Douglas Street, Los Angeles, CA 90026 - MLS#BB25097040

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,575,000

Est. payment - /mo

10 Beds

8 Baths

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25097040

Bedrooms 10

Property Sub-Type Res Income 2-4 Units

Property Description

715 Douglas St 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 5.74%, 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 Douglas Street, 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, 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 LAs hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 715 Douglas St is a rare find in Echo Park. Dont miss this chance to own an artful

Location

State CA

County Los Angeles

Zoning Seller

Direction From US-101 Freeway: Exit at Alvarado Street and head north, Turn right onto Bellevue Avenue, Turn left onto Douglas Street, and

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5405013002

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Listed by Cheyenne Womack Myunits.com Inc.

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

715 Douglas Street Los Angeles, CA 90026

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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