CA > Los Angeles
Los Angeles, CA 90026,1016 Waterloo ST
Los Angeles, CA 90026,1016 Waterloo ST
Los Angeles, CA 90026,1016 Waterloo ST
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$2,049,000
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7,501 Sqft Lot
Price Dropped by $101K

1016 Waterloo ST Los Angeles, CA 90026

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Thomas Fessler

Thomas Fessler

+1(619) 318-1618

UPDATED:

11/13/2024 03:43 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24217083

HOA Y/N No

Year Built 1914

Lot Size 7,501 Sqft

Property Description

Welcome to this beautifully restored Duplex Craftsman home in the heart of Echo Park, where timeless charm meets modern living. This property features two spacious units, each offering its own distinct character and appeal. The first unit, at 1018 Waterloo St., includes 5 bedrooms and 3 bathrooms, boasting a remodeled kitchen with granite countertops, stainless steel appliances, and updated bathrooms. A second-floor terrace offers stunning downtown views, making it the perfect space for relaxation or entertaining. The second unit, located at 1016 Waterloo St., is legally listed as a 5-bedroom unit by the tax assessor but currently shows 4 bedrooms and 3 bathrooms. It features an open floor plan with coffered ceilings and craftsman wainscoting, classic details that add warmth and charm to the home. Modern upgrades include abundant recessed lighting and new electrical systems, blending contemporary convenience with vintage appeal. The inviting front porch sets a welcoming tone for the property, ideal for enjoying morning coffee or chatting with neighbors. Inside, both units have floor plans that flow seamlessly. The living room, featuring a gas-burning fireplace framed by a classic mantel and wood details, connects effortlessly to the spacious family room and dining area—perfect for gatherings. The remodeled kitchens in both units maintain their vintage charm while incorporating modern touches, and the updated bathrooms add a luxurious feel. Expansive terraces, part of the 2023 permitted additions, offer breathtaking downtown views, providing the perfect spot to enjoy sunsets. This property is ideal for a growing family or for hosting guests. In a neighborhood where parking is scarce, the secured space for up to 8 cars is a rare and valuable feature. Located in a highly walkable neighborhood (with a 95/100 Walk Score), this home is near Echo Park Lake, Dodger Stadium, Sunset Junction, and just a 5-minute Uber ride to Downtown LA. Delivered without occupants, the units are separately metered, providing flexibility for an owner-occupant or an incredible opportunity for investors to maximize cash flow through rental income. Whether you’re looking for a forever home or a smart investment, this duplex offers the best of both worlds—low-maintenance living in one of LA’s most desirable neighborhoods. Don’t miss the chance to own a piece of Echo Park’s charm with modern conveniences!

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Interior Features Balcony, Main Level Primary

Heating Central

Cooling Central Air

Flooring See Remarks

Fireplaces Type Family Room, Gas

Fireplace Yes

Laundry Common Area

Exterior

Garage Driveway, Paved

Fence Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View City Lights

Roof Type Composition

Total Parking Spaces 10

Private Pool No

Building

Lot Description Back Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5402029010

Acceptable Financing Cash to New Loan, Conventional, FHA

Listing Terms Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Allan Vides • Realty Executives • 818-339-3153

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Thomas Fessler

Agent | License ID: 02033426

+1(619) 318-1618

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1016 Waterloo ST