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33298583
33298584

2051 Lake Shore Avenue, Los Angeles, CA 90039

Coldwell Banker Commercial NRT Pasadena
Listed by Coldwell Banker Commercial NRT Pasadena
$1,150,000
4 days on market
Updated 4 days ago

2051 Lake Shore Avenue

Details
APN 5420-005-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,782
Units 3
Cap Rate 5.43%
NOI $62,472
Occupancy 100%
Tenancy Multi
Price per SqFt $645
Year Built 1940
Lot Size (SqFt) 6,471
Zoning LAR1
Investment Type Stabilized

Multifamily | 5.43% CAP | 3 Units

Marketing description

Tucked into the lush, storied hillsides of North Elysian Heights, this one-of-a-kind 1940s triplex is so much more than an investment property — it's an entire world unto itself. Three separate addresses (2051, 2053 & 2053½) sit nestled among mature trees, cascading bougainvillea, and layered gardens that give the compound the feel of a private botanical sanctuary in the middle of Los Angeles.

A Property That Tells a Story:

From the moment you enter through the gated entry off Lake Shore Ave, the character is undeniable. A beautifully planted walkway lined with agave, tropical foliage, potted succulents, and white river rock leads you past the front building — a classic stucco structure with green-trimmed windows and a charming arched stained glass accent — and deeper into a lushly planted compound that unfolds like a series of secret garden rooms. This is the rare property where the outdoor spaces are as compelling as the interiors.

The Buildings:

The front building fronts the street with classic 1940s stucco construction, green-trimmed windows, and a covered entry stair flanked by lush plantings. Behind it, the compound climbs the hillside through tiered gardens to a two-story rear structure with soaring exterior walls, generous windows, and a private balcony entry — a true treetop retreat. A detached three-car garage runs along the street frontage, offering exceptional parking that is virtually unheard of for a multi-unit property in this neighborhood. Each of the three units (2051, 2053, and 2053½) has its own distinct entry, outdoor area, and sense of privacy.

The Location:

Elysian Heights is one of Los Angeles' best-kept secrets — a quiet, tree-canopied hillside community perched above Echo Park and Silver Lake, beloved by artists, creatives, and professionals drawn to its authentic neighborhood feel. Steps from the Silver Lake Reservoir walking path, minutes from the best coffee shops, restaurants, and nightlife on Sunset Blvd, and with quick access to DTLA, Dodger Stadium, and the 2/5/101 freeways, the location checks every box.

The Opportunity:

With three separate units across three buildings, a detached multi-car garage, multiple private outdoor spaces, and lush mature landscaping, this compound offers the kind of character-rich, income-producing asset that simply doesn't come to market in this neighborhood. Live in one, rent the others. Hold as a cash-flowing portfolio asset. Or simply fall in love with one of the most unique residential compounds Elysian Heights has to offer.

Investment highlights

  • With three separate units across three buildings, a detached multi-car garage, multiple private outdoor spaces, and lush mature landscaping, this compound offers the kind of character-rich, income-producing asset that simply doesn't come to market in this neighborhood
  • Live in one, rent the others. Hold as a cash-flowing portfolio asset. Or simply fall in love with one of the most unique residential compounds Elysian Heights has to offer
  • Steps from the Silver Lake Reservoir walking path, minutes from the best coffee shops, restaurants, and nightlife on Sunset Blvd, and with quick access to DTLA, Dodger Stadium, and the 2/5/101 freeways

Listing Contacts

Coldwell Banker Commercial NRT Pasadena
Listed by Coldwell Banker Commercial NRT Pasadena

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,472.00
$5,206.00/mo

Valuation Metrics

0
DSCR
5.43%
Cap Rate
5.43%
ROI

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