1357 W Temple, Los Angeles, CA 90026
- $1,020,000
- List Price
- $1,020,000
- Status
- ACTIVE
- MLS#
- PW26162171
- Year Built
- 1912
- Lot Size
- 2,992
- Acres
- 0.07
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Style
- Custom
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Turnkey 7-Unit Mixed-Use Investment | 10 Cap Rate Welcome to 1357 W Temple Street — a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of Los Angeles's most dynamic and rapidly appreciating eastside neighborhoods. This professionally maintained property features four studio units upstairs, plus a downstairs one-bedroom, one-bath unit and two office spaces with an additional bath — the latter offering excellent potential for conversion to residential use, creating additional upside beyond current income. Built in 1912 and thoughtfully modernized over the last 15 years — including roof, plumbing, and electrical updates — the property combines character with functional, income-ready infrastructure. Investment Highlights: 10 CAP rate on current rents, with pro forma upside exceeding 13 CAP Rate Seven units total — flexible mixed-use configuration with residential conversion potential Turnkey condition with recent roof, plumbing, and electrical upgrades Zoned LACW Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is within walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown Los Angeles, Disney Hall, and the Arts District. The surrounding corridor continues to see strong demand from creative, wellness, and media tenants, supporting sustained rental growth and long-term appreciation in a supply-constrained market. Link for OM / Property info / expenses: Call Jason Kim for more info
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Additional Information
- Appliances
- Electric Oven
- Pool Description
- None
- Heat
- Floor Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Drywall, Glass, Plaster
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Multiple Staircases, French Door(s)/Atrium Door(s)
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $115,200
- Operating Expense
- 13006
Listing courtesy of Listing Agent: Jason Kim (jkim@realoneestate.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.