318 Parkman Avenue
Los Angeles, CA, 90026
$1,795,000
MLS: 26661119
Beds
6
Baths
2
Sq Ft
2,031
Lot
0.14 ac
Year Built
1960
MLS #
26661119
Days on Market
15
Listed
Mar 10, 2026
Description
A rare jewel in the heart of 90026 (South Silver Lake and Echo Park adjacent) this exceptional property features two beautifully remodeled 3-bedroom, 1-bath townhouse-style residences, offering the perfect blend of modern design, income potential, and iconic Los Angeles views. One unit is occupied by a long-term tenant, providing immediate rental stability, while the second unit is vacant and ready for an owner-user or poised for immediate occupancy by a new tenant. This makes the property an outstanding investment opportunity with flexible living options; live in one unit while generating income from the other to help offset your mortgage or keep this as a long term turnkey investment. Originally rebuilt in 2015, the property has been thoughtfully upgraded with new plumbing, electrical systems, water heaters, modern kitchens, and updated bathrooms offering both style and peace of mind. Each unit showcases soaring 12-foot ceilings, open-concept living spaces, and a sleek contemporary aesthetic. Stainless steel appliances, plus an in-unit stackable washer and dryer, and spacious layouts create a comfortable environment ideal for both everyday living and entertaining. The front of the property features inviting outdoor entertainment areas with patio furnishings, perfect for relaxing evenings or hosting guests while taking in breathtaking views of the Hollywood Hills and the iconic Hollywood Sign and Griffith Observatory. The property boasts beautiful landscaping and mature fruit trees which add greenery and charm. At the rear, a large gated area provides parking for up to six vehicles, with a private rear entrance for added convenience, along with additional storage space. Ideally located within walking distance to local schools, shops, and neighborhood amenities, and just moments from the vibrant hotspots of Virgil Village, Silver Lake, Echo Park, and DTLA, this 90026 gem offers exceptional versatility for both homeowners and investors alike. This is a great investment opportunity! Call today for more details!
Location
Los Angeles, Los Angeles County, CA 90026
Open on Google Maps ↗Listed by: Elvia Vasquez · Keller Williams Realty Los Feliz
Payment estimate
$12,769
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $179,500 · Loan: $1,615,500
- Principal & Interest
- $9,926
- Property tax (1.25%)
- $1,870
- Homeowners insurance
- $300
- Mortgage insurance
- $673
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 $62,825 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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