1515 Echo Park Ave,
Los Angeles, CA 90026
Mixed-Use Investment With Owner-User Optionality on Echo Park Ave
1515 Echo Park Ave presents a mixed-use investment opportunity located along Echo Park Ave, just north of Sunset Blvd, within one of Los Angeles’ most established Eastside rental corridors. The Echo Park Ave location continues to attract long-term renters and owner-users drawn to its walkability, proximity to Sunset Blvd, and direct access to Downtown Los Angeles, Silver Lake, Los Feliz, and Atwater Village.
The property combines diversified income streams with a residential scale that blends naturally into the surrounding neighborhood. 1515 Echo Park Ave includes a street-front commercial space, a Craftsman-style single-family residence delivered vacant with 2 bedrooms and 2 bathrooms, an attached rear studio unit, and a detached rear building containing (2) one-bedroom units. The vacant residence introduces uncommon owner-user or hybrid owner-user/investor flexibility for buyers targeting Echo Park Ave opportunities.
Flexible Unit Configuration and Residential-Scale Site Layout
The site layout at 1515 Echo Park Ave is defined by separation, privacy, and functional flexibility. The street-front commercial space benefits from visibility along Echo Park Ave, while the residential components are arranged to preserve a low-density, neighborhood-appropriate feel.
The vacant Craftsman home provides immediate occupancy optionality or the ability to lease at market rents without tenant displacement. The attached studio unit supplements residential income, while the two detached one-bedroom units at the rear of the site create a stable rental base with additional renovation upside.
Property amenities include community laundry, a two-car garage located at the rear of the site, and a shared outdoor entertainment area well suited for year-round use, including al fresco dining and small gatherings. For Echo Park renters, these features enhance livability. For owners of 1515 Echo Park Ave, the layout supports operational clarity and long-term flexibility.
Walkable Echo Park Location Near Sunset Blvd, Echo Park Lake, and Elysian Park
1515 Echo Park Ave is located approximately 0.3 miles north of Sunset Blvd, placing the property within close proximity to many of Echo Park’s most established cafés, restaurants, boutiques, and nightlife destinations. The Echo Park Ave corridor remains one of the neighborhood’s most recognizable residential and mixed-use streets, supporting consistent demand from tenants seeking a walkable lifestyle with direct access to daily amenities.
Echo Park Lake is approximately 0.6 miles from 1515 Echo Park Ave, offering walkable access to green space and recreational amenities. The entrance to Elysian Park is also approximately 0.6 miles away, providing immediate access to hiking trails, open space, and panoramic city views. Dodger Stadium is roughly 1 mile from the property and accessible by foot or bike, reinforcing the site’s connection to year-round entertainment and employment drivers.
For Echo Park investors, this combination of walkability, open space, and proximity to Downtown Los Angeles continues to support durable rental demand and premium rent positioning.
In-Place Yield With Clear Value-Add and Rental Upside
From an investment standpoint, 1515 Echo Park Ave is offered at a 5.82% CAP rate on current rents with approximately 18% rental upside. At projected market rents, the property is expected to stabilize at a 6.84% CAP rate and a 10.27 GRM.
Not all units at 1515 Echo Park Ave have been renovated, creating a clear path for investors to capture additional upside through interior improvements over time. The interior photography provided reflects a recently renovated one-bedroom unit and illustrates the finish level achievable across the remaining units. This structure allows buyers to combine near-term cash flow with a defined value-add strategy in one of Los Angeles’ most competitive Eastside submarkets.
Conclusion: Diversified Echo Park Ave Asset With Owner-User Flexibility
1515 Echo Park Ave offers a well-located mixed-use asset combining diversified income, owner-user optionality through a vacant 2-bedroom Craftsman residence, and meaningful rental upside in a walkable Echo Park location just north of Sunset Blvd. The combination of street-front commercial space, multiple residential units, on-site garage parking, community laundry, outdoor common area, and renovation-driven upside positions 1515 Echo Park Ave as a compelling Echo Park investment opportunity for buyers seeking current income with long-term growth potential along one of the neighborhood’s most established corridors.
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Property Location
Listed Price
$1,7000,000
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