Description

1545 Duane Street presents an excellent investment opportunity in highly desirable Elysian Heights neighborhood in Echo Park. This charming triplex consists of three 1Br+1Ba units, offering versatility for both investors and owner-users. One unit was renovated in 2020, while another will be delivered vacant at close of escrow. The vacant unit is detached and is ideal for an owner-occupant or to lease immediately at market rent. The detached duplex units are 602 SF each share common walls, maximizing the use of the 3,795 SF lot and 1,784 sq. ft. of building SF. The vacant unit has in-unit washer and dryer for added convenience. The property has the potential to generate over $7,000 in monthly income once fully leased. This is a great opportunity to own a well-maintained, income-producing property in a prime location with built-in upside!

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Location

Echo Park is one of LA’s most vibrant and eclectic neighborhoods, offering a seamless blend of creative energy and everyday convenience. Residents enjoy walkable access to favorites like Echo Park Ave, Lady Byrd Cafe, Masa Echo Park, Rodeo Mexican Grill, Honey Hi, and much more on Sunset Boulevard’s dining scene! The property is in quick proximity to both Elysian Park and Downtown LA. The area appeals broadly, from artists to young professionals, thanks to its charm and dynamic community spirit. As of July 2025, the median home sale price in Echo Park is approximately $1,320,000.