1357 W Temple Los Angeles, CA 90026
Other
MLS #: PW26162171
Courtesy Of Coldwell Banker Coastal Alliance
Property InformationDescription
Turnkey 7-Unit Mixed-Use Investment | 10% Cap Rate | 13%+ Pro Forma Upside Welcome to 1357 W Temple Street - a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of LA's most dynamic and rapidly appreciating eastside neighborhoods. This freestanding, professionally managed property features 4 studio units upstairs plus a downstairs 1-bed/1-bath unit and two office spaces w 1 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% 7 units total - flexible mixed-use configuration with residential conversion potential Turnkey condition with recent roof, plumbing, and electrical upgrades Zoned LACW (Cornfield Arroyo Seco Specific Plan), allowing flexible commercial and select residential uses, plus possible TOC density/development incentives Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways Unbeatable Location: Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown LA, 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. Whether you're an investor seeking immediate cash flow with meaningful upside, or looking to reposition the asset for even greater returns, 1357 W Temple Street offers a compelling combination of location, flexibility, and value-add potential. Link for OM / Property info:
Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Appliance: Electric Oven
- Architecture Style: Other
- Building Units: 7
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Drywall Walls
- Exterior Type: Plaster
- Exterior Type: Glass
- Floor Covering: Vinyl
- Floors: 2
- Heating System: Floor Furnace
- MLSID: PW26162171
- Roof Type: Composition
- Rooms: Office
- Rooms: Bathroom 6
- Rooms: Laundry Room
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bathroom 1
MAP & DIRECTIONS
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