LP.com

Welcome to a remarkable opportunity in the heart of vibrant Echo Park! We are thrilled to introduce 1401 Portia Street, a property perfectly positioned just North of Sunset Boulevard and amid a burgeoning redevelopment wave. This exceptional property comprises (1) 2-Bed/2-Bath Stand-Alone Cottage, (1) 2-Bed/1-Bath Unit and (2) Spacious 1-Bed/1-Bath Units, all brimming with potential. For the astute long-term investor, the possibilities are boundless. You can choose to convert the existing three garages into ADU(s), unlocking additional income. Alternatively, explore the potential to construct 9+ units on this corner lot, thanks to its LARD1.5-VL zoning and enticing TOC Tier - 2 Incentives. Furthermore, one 1-Bed/1-Bath unit, which currently operates as a successful AIR-BNB rental, can be made vacant at the close of escrow, offering flexibility to the buyer. With a distinctive mid-century modern aesthetic that flows seamlessly from exterior to interior, this property exudes timeless charm. Whether you're a potential homeowner seeking to reside in one unit while reaping the benefits of rental income from the others, or an investor with your sights set on maximizing your portfolio through development or ADU conversions, this property is your canvas for success.