Highlights
This well-maintained Echo Park multifamily asset features a desirable unit mix of three one-bedroom units and two two-bedroom units, all separately metered for electricity and gas, on a generous 11,683-square-foot lot. Three of the five units are currently vacant, allowing an investor to achieve market rents immediately. The property presents a compelling value-add opportunity, with SB 1211 providing potential for ADU development through garage conversion or use of the rear parking area. Tenants benefit from a gated and secure setting, lush landscaped front yard, and full on-site parking with eight dedicated spaces. Recent capital improvements include a new roof and completion of the soft-story seismic retrofit. Located on a quiet street just off Temple Street, the property offers walkable access to popular neighborhood destinations such as Tribal Cafe, Boba Guys, and Echo Park Lake, along with convenient connectivity to Vermont Avenue, Normandie Avenue, and the 101 and 110 freeways. With strong rental upside, multiple vacant units, and attractive ADU potential, this offering represents a rare opportunity to acquire a stable, value-add asset in one of Los Angeles’ most sought-after and growth-oriented submarkets.
Description
Marcus & Millichap is pleased to present a five-unit apartment property located at 434 N Lake Street in Los Angeles, California. The subject property is situated in a solid Echo Park location, north of Temple Street and west of Alvarado Street, within a highly desirable residential pocket near major neighborhood amenities.
Listing Details
- Cap Rate
6.91%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
2/6/2026
- Net Operating Income
$77,748
Property Specifics
- Property Name
434 N Lake St
- No of Buildings
1
- No of Units
5
- Year Built
1916
- Building Size
4,076 SF
- Lot Size
11,683 SF
- APN
5157-016-003
- Zoning
LARD1.5
- Occupancy
40%