Turnkey 7-Unit Mixed-Use Investment | 10 Cap Rate
Welcome to 1357 W Temple Street — a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of Los Angeles's most dynamic and rapidly appreciating eastside neighborhoods.
This professionally maintained property features four studio units upstairs, plus a downstairs one-bedroom, one-bath unit and two office spaces with an additional bath — the latter offering excellent potential for conversion to residential use, creating additional upside beyond current income. Built in 1912 and thoughtfully modernized over the last 15 years — including roof, plumbing, and electrical updates — the property combines character with functional, income-ready infrastructure.
Investment Highlights:
10 CAP rate on current rents, with pro forma upside exceeding 13 CAP Rate
Seven units total — flexible mixed-use configuration with residential conversion potential
Turnkey condition with recent roof, plumbing, and electrical upgrades
Zoned LACW
Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways
Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is within walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown Los Angeles, Disney Hall, and the Arts District. The surrounding corridor continues to see strong demand from creative, wellness, and media tenants, supporting sustained rental growth and long-term appreciation in a supply-constrained market.
Link for OM / Property info / expenses:
Call Jason Kim for more info
6 days
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125
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5
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Zillow last checked:
Listing updated:
Listed by:
Jason KimDRE #02129083213-705-1919,
Coldwell Banker Realty
Source: CRMLS,MLS#: PW26162171Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 49
Bathrooms: 42
Rooms
Room types: Bedroom, Office
Bedroom
Features: Multi-Level Bedroom
Heating
Floor Furnace
Cooling
Wall/Window Unit(s)
Appliances
Included: Electric Oven
Laundry: Common Area
Features
Multiple Staircases, French Door(s)/Atrium Door(s)
Flooring: Vinyl
Doors: Atrium Doors
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 1
Total interior livable area: 1 sqft
Property
Parking
Parking features: None
Accessibility
Accessibility features: None
Features
Levels: Two
Stories: 2
Entry location: Street
Pool features: None
Spa features: None
Fencing: Fair Condition
Has view: Yes
View description: None
Lot
Size: 2,992 Square Feet
Features: 6-10 Units/Acre
Details
Parcel number: 5160005006
Zoning: LACW
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Custom
Property subtype: Mixed Use
Attached to another structure: Yes
Materials
Drywall, Glass, Plaster
Foundation: Brick/Mortar
Roof: Composition
Condition
Turnkey
New construction: No
Year built: 1912
Utilities & green energy
Electric: Electricity - On Property
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available
Green energy
Energy efficient items: Appliances
Community & HOA
Community
Features: Dog Park, Park, Storm Drain(s), Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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