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34271315
34271312

2142 Baxter Street, Los Angeles, CA 90039

DE
CA 02067515
CB
CA 01966436
$1,175,000
6 days on market
Updated 6 days ago

2142 Baxter Street

Details
APN 5422-021-011
Property Type Multifamily
Sub Type Apartment Building, Income property
Square Footage 1,513
Units 3
Cap Rate 5.16%
NOI $60,650
Occupancy 66.67%
Tenancy Multi
Price per SqFt $777
Year Built 1910
Lot Size (SqFt) 7,407
Zoning LAR1
Parking Spaces 2 spaces
Parking per 1,000 SqFt 1.32
Investment Type Stabilized
Sale Condition 1031 exchange

Multifamily | 5.16% CAP | 3 Units

Marketing description

Built in 1910 in the historic Edendale Tract, the Echo Park hillside that became the cradle of Los Angeles' early film industry, this California bungalow carries a century of character on one of the city's most storied walk streets. Set on a rare 7,407-square-foot lot, it pairs that heritage with three income-producing spaces and an extraordinary private orchard. Inside, the classic hillside-cottage architecture opens to interiors warmed by refinished hardwood floors, updated kitchens and baths, modern appliances, and air-conditioning. The layout is configured as two one-bedroom residences plus a separate studio, a flexible footprint that lets an owner live in one and offset the mortgage with the rest, or hold the entire compound as a long-term income asset. Outdoors is where the lot earns its size. A gated backyard shelters more than a dozen fruiting trees and vines, including avocado, orange, lemon, mandarin, kumquat, fig, peach, apple, persimmon, loquat, blackberry, and Thompson seedless and red grapes, creating a true farm-to-table setting, with bougainvillea spilling color across the courtyard and treetop outlooks. A repaved drive provides off-street parking, and the oversized lot offers ample room to garden, entertain, and expand. The setting is unrepeatable. The home sits in Edendale, the cradle of early Hollywood, just blocks from the former Allesandro Street studio row where Mack Sennett's Keystone Studios stood and a young Charlie Chaplin first created the Tramp in 1914. Baxter Street itself is the stuff of local legend, one of the steepest and most storied streets in Los Angeles. It is a legacy the neighborhood still carries, long a favorite of the working actors and creatives who have called Elysian Heights home. Beyond the history, daily life is all here. You are moments from the Silver Lake Reservoir, the trails of Elysian Park, and Dodger Stadium, with the shops, restaurants, and bars of Silver Lake, Atwater Village, and Mount Washington, one of the Eastside's trendiest dining scenes, all close at hand. Downtown and the freeways are minutes away, and a 91 Walk Score puts daily life on foot. A character-rich bungalow on an oversized walk-street lot, with built-in income, a working orchard, and a place in film history, rarely surfaces in one of Los Angeles' most coveted hillside neighborhoods.

Investment highlights

  • A rare Elysian Heights income property
  • Irreplaceable location
  • Echo Park / Elysian Heights: Walk Score 91, downtown skyline views, tree-lined hillside streets, minutes to Silver Lake, Elysian Park, Dodger Stadium, and DTLA.
  • Stabilized income, real upside
  • Two 1BR/1BA units in place at $62,292/year; the studio is vacant and lease-ready at about $1,800/mo, lifting scheduled income to $86,400/year (+36%) with no RSO turnover wait.
  • Owner-user or long-term hold
  • SFR of record operated as a 3-unit income property for 23 years, ideal for a house-hacker who occupies a unit, or a cash buyer building an Eastside portfolio.
  • Value-add optionality
  • 7,407 SF lot with ADU / SB9 legalization potential (buyer to verify), a long-term path to add legal units and value.
  • No retrofit obligation
  • At 3 units, the building is exempt from LA's mandatory soft-story seismic retrofit ordinance.
  • Character & grounds
  • 1910 California bungalow, tastefully updated: refinished hardwood, updated kitchens and baths, and lush fruit-tree grounds (avocado, orange, peach, persimmon).

Listing Contacts

DE
CA 02067515
CB
CA 01966436

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$60,650.00
$5,054.17/mo

Valuation Metrics

0
DSCR
5.16%
Cap Rate
5.16%
ROI

Map

Zoning

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R1-1VL ResidentialSingle FamilyOne Family Residential Very Limited Height District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Darin Eppich
License
02067515
Name
Charles Black
License
01966436
Brokerage
Compass California, Inc
Brokerage Phone
(310) 230-5478
Title
Broker Associate
Brokerage Address
9454 Wilshire Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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