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Glen Henderson

[email protected] +1(619) 889-7646

$1,200,000

Est. payment - /mo

7 Beds

5 Baths

3,112 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26216405

Bedrooms 7

Lot Size 3,112 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

1029 Lord Street is a 2024-built single-family residence + attached ADU offering strong in-place income, modern construction, and exceptional flexibility just east of Downtown Los Angeles. The property features a 4-bedroom / 3-bath main residence and 3-bedroom / 2-bath ADU, totaling approximately 2,539 square feet. The main residence currently operates as a successful short-term rental, historically generating approximately $5,500$6,500 per month with less than 9% vacancy and is fully booked for the next three months, while the ADU is currently leased for $2,780 per month. Offering multiple ownership strategies, a buyer can continue the existing short-term rental operation, transition the main residence to a traditional long-term rental, or potentially take delivery vacant for owner occupancy while retaining income from the ADU. This versatility creates an attractive opportunity for investors seeking immediate cash flow as well as owner-users looking to offset their housing costs with rental income. The property is thoughtfully designed with modern finishes, stainless steel appliances, central air and heat, in-unit laundry, two parking spaces, and separately metered utilities, providing the benefits and ease of newer construction. Ideally situated in L.A.s Central Eastside, 1029 Lord offers convenient access to the DTLA Arts District, Downtown Los Angeles, Echo Park, Silver Lake and surrounding employment and entertainment hubs. With established income, newer construction, and multiple potential rental strategies, 1029 Lord offers a rare level of flexibility for its next ow

Location

State CA

County Los Angeles

Zoning Assessor

Direction Located on Lord St. between Pomeroy Ave and Marengo St

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5201018008

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Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.
Co-listed byLauren Cearley • Myunits.com Inc.

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

1029 Lord Street Los Angeles, CA 90033

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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