318 Parkman Avenue

C21 - Silver Lake - Echo Park Los Angeles 90026

A rare jewel in the heart of Historic Filipino town (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!