1400 Carroll Avenue, Los Angeles, CA 90026
-
Listed Price :
$2,795,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1924
Property Description
1400 Carroll Ave 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 5.19%, 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 Carroll Avenue, 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, 1400 Carroll/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 LA’s hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 1400 Carroll Ave is a rare find in Echo Park. Don’t miss this chance to own an artfully restored gem with modern amenities and exceptional long-term value in one of Los Angeles’ trendiest neighborhoods!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Features |
Instant Hot Water |
| Cooling Type |
Central Air |
Listing Information
| Address |
1400 Carroll Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90026 |
| County |
Los Angeles |
| Listing Agent |
Elizabeth Maddox DRE #01921425 |
| Courtesy Of |
Myunits.com Inc. |
| List Price |
$2,795,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
6,822 |
| Year Built |
1924 |
Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 12th, 2025 at 2:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
