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$3,750,000

Beds
8
sq ft
3,600

346 Laveta Ter, Los Angeles, CA 90026

346 Laveta Ter

Los Angeles, CA 90026

  • 46 days on market
Presenting 346 Laveta Terrace, an unparalleled investment opportunity in the heart of Echo Park, Los Angeles. This historic 1904 multi-family property comprises four spacious units and two junior accessory dwelling units (ADUs), all recently upgraded to seamlessly blend classic architectural charm with modern amenities. Collectively, these units generate a robust monthly rental income of $17,000. Strategically located just minutes from downtown Los Angeles, this property offers tenants easy access to major employment centers and cultural attractions. The proximity to the scenic Echo Park Lake and the vibrant local scene including boutiques, cafes, and art galleries enhances its appeal, ensuring high occupancy rates and consistent demand. Acquiring 346 Laveta Terrace not only secures substantial immediate rental income but also adds a high-performing asset to your portfolio, poised for significant long-term appreciation in one of Los Angeles' most sought-after neighborhoods. This is a rare opportunity to invest in a property that combines historical significance, modern upgrades, and exceptional financial returns.

Details

Property type

Property condition

Updated/Remodeled

Lot size

5,800 sq ft

Price per sq ft

$1,042

Year built

1904

HOA

No

Price History

02/14/2025
CLAW

CLAW #25498585

Listed
$3,750,000
+275%
10/01/2021
CRMLS

CRMLS #SR21178101

Sold
$1,000,000
+14.74%
11/02/2018
CRMLS

CRMLS #DW18186322

Sold
$871,500

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Charles V Ditoro Etux

Loan start date

August 2023

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Commercial

Seller

Cristina M Dam

Lender

Ocmbc Inc

Loan start date

September 2021

Original loan amount

$750,000

Est. remaining balance

$691,039

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Cristina M Dam

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 8:00 PM

Listing updated: 02/22/2025 at 5:30 AM

Listed by: Cristina Dam, Keller Williams Realty Los Feliz Phone #: (323) 300-1000

MLS: CLAW #25498585

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