Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

1129 Logan

Los Angeles, CA, 90026

1 / 48View all 48 photos

$1,649,900

MLS: CV25250761

Beds

3

Baths

2

Sq Ft

1,372

Lot

0.15 ac

Year Built

1909

MLS #

CV25250761

Days on Market

34

Listed

Oct 30, 2025

Description

***EXCEPTIONAL INVESTMENT OPPORTUNITY IN ECHO PARK*** Located at 1129 Logan St, Los Angeles, CA 90026, this charming residence offers a unique opportunity for both homeowners and developers. Situated within walking distance to the iconic Echo Park Lake, the property provides a perfect blend of location, potential, and community vibe. The existing home features three generous bedrooms, an additional room suitable as a fourth bedroom, and two full bathrooms, providing ample space for comfortable living. Its versatile layout offers tremendous potential for renovation, expansion, or custom upgrades to suit your vision. ***Development Potential*** ACCORDING TO Senior Architect | Office of Historic Resources Los Angeles City Planning: City will allow new owner to build 2 additional units in the back of the property plus also add to the main Home. (Potential for 4 units in total) *Please check with the city for more information.* This property is ideal for investors or builders looking to capitalize on Echo Park’s dynamic growth. Zoning allows for the development of up to four additional units, making it a prime site to create a multi-unit residential complex. The neighborhood’s high demand for boutique, walkable living spaces ensures excellent prospects for rental income or future sale. Enjoy proximity to vibrant parks, trendy cafes, boutiques, and cultural hubs, all within a short walk. This property represents a rare chance to own a piece of one of Los Angeles’ most desirable neighborhoods with significant development upside. *** I WILL PROVIDE MORE INFORMATION FROM THE CITY OF ECHO PARK ABOUT DEVELOPING IF NEED IT *** ***Don’t miss this outstanding opportunity to invest, develop, and be part of Echo Park’s thriving community***

Location

Los Angeles, Los Angeles County, CA 90026

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Listed by: Hector Benavidez · Equity Smart Real Estate Services

Payment estimate

$11,761

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $164,990 · Loan: $1,484,910

%
Principal & Interest
$9,124
Property tax (1.25%)
$1,719
Homeowners insurance
$300
Mortgage insurance
$619
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $57,747 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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