Description

6 bed | 2 bath | 2,560 sq ft | Corner lot | Three-unit property | LARD3 zoning Welcome to one of the most storied corners in upper Elysian Heights. Sitting at Echo Park Ave and Ewing St, this Queen Anne Victorian is widely known as "The Queen of Elysian Heights" and is believed to be among the oldest homes on the avenue. A true storybook-style gem with huge upside potential. The property includes three units total: the main Victorian residence and a two-unit duplex, all set on a 4,046 sq ft corner lot with 3 parking spaces. Two units are currently occupied with month-to-month tenancies at below market rents, creating immediate income alongside meaningful upside for a future owner. Live in the main home and let your tenants offset the mortgage, or hold all three units as a long-term rental in one of the Eastside's most in-demand neighborhoods. The LARD3 zoning opens additional doors for the right buyer. As a historically designated property, the next owner may want to explore potential Mills Act property tax benefits. The Mills Act allows owners of qualified historic properties to receive significant property tax relief in exchange for a commitment to preserve and maintain the home's historic character. Buyers are encouraged to research eligibility and application requirements through the City of Los Angeles Office of Historic Resources. Elysian Heights puts you in the center of everything that makes Echo Park one of the most sought-after neighborhoods in Los Angeles. Walk to Elysian Heights Elementary Arts Magnet, grab coffee at Canyon Coffee or Valerie Echo Park, and enjoy

Features