834 Laguna Avenue
2 Units Vacant at COE | Studios + 1BDs | Echo Park | 5.75% Pro Forma Cap | $323K/Door
Marketing description
834 Laguna Avenue is a 1925 character fourplex — two detached duplexes on a single 4,034 SF lot in Echo Park — offering an investor immediate lease-up upside alongside stable in-place cash flow.
Two of four units deliver vacant at close of escrow. The incoming owner sets market rents, selects tenants, and achieves full stabilization within a single lease cycle. No displacement. No friction. No waiting. Pro forma NOI stabilizes at $74,422, reflecting a 5.75% cap rate and GRM of 11.74 at the ask.
In-place, the property generates $67,211 NOI at a 5.19% cap — anchored by two seasoned tenants, one month-to-month and one leased through July 2026. A coin-operated laundry adds $1,080 in annual supplemental income.
The property sits within the Silver Lake–Echo Park HPOZ — a Historic Preservation Overlay Zone that limits overdevelopment and protects the architectural character driving premium rents in this submarket. The renter profile this corridor attracts — urban, professionally employed, design-conscious — is among the most stable in Los Angeles.
Unit mix: 2 studios (330 SF) and 2 one-bedrooms (430 SF). No on-site parking; Walk Score 90+ and immediate proximity to the Sunset Blvd retail corridor, Echo Park Lake, and Metro lines address this directly.
Ideal for: 1031 exchange buyers, value-add operators, local syndicators, and owner-users seeking an entry point into Echo Park. OM and rent roll available upon request. Tours available immediately.
Investment highlights
- Two units delivered vacant at close of escrow — lease up immediately at market rents ($2,000–$2,500/mo)
- Two detached duplexes on one 4,034 SF lot — two freestanding structures, rare configuration for Echo Park
- Pro Forma NOI: $74,422 | Pro Forma Cap Rate: 5.75% | Pro Forma GRM: 11.74
- In-place NOI: $67,211 | Current Cap: 5.19% — stabilized at close with two lease-ups
- Price/Unit: $323,750 — at the competitive end of 90026/90039 four-plex comp range
- Unit mix: 2 studios (330 SF) + 2 one-bedrooms (430 SF) — diversified rent profile
- Coin-operated laundry on-site — $1,080/yr supplemental income
- HPOZ zoning (RD2-1VL) — limits new competing supply; protects submarket character
- Echo Park / Silver Lake corridor — walkable, transit-connected, permanently supply-constrained
- Owner-user eligible — occupy one vacant unit, collect income on three from day one
- 1031 exchange ready — no tenant displacement required; two units vacant at close
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