$ 1,200,000
-
$1,200,000
Price -
7
Bed -
5
Bath -
2,539
SqFt -
0.07
Acre
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About the Listing BH5345657 - BB42064,BB42774
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 owner.
Listing Highlights for 1029 Lord St
Interior Details
- Bedrooms: 7
- Bathrooms: 5 Full
- Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile,Vinyl
- Basement:
- Other: Open Floorplan,Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: Landscaped,Level,Street Level,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 2
- Roof:
- Others: Turnkey,2+ Total Units,Has ADU
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5201018008
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1029 Lord St Los Angeles, CA 90033
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