1029 Lord St, Downtown Arts Adj.
2024 New Construction SFR + ADU near Downtown Arts!
1029 Lord Street offers income today with flexibility for tomorrow. This 2024-built SFR + ADU features a 4-bedroom main residence operating as a successful short-term rental, historically generating $5,500–$6,500/month and currently fully booked for the next three months, plus a 3-bedroom ADU leased at $2,780/month. Offered at $1,200,000 with a 6.11% cap rate, buyers can continue the existing rental strategy, transition to traditional leases, or potentially occupy the main residence while retaining ADU income—all just minutes from the DTLA Arts District, Echo Park and Downtown Los Angeles.
The Important
Details
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$1,099,000
SFR + ADU
For Sale
2
2024
6.78%
10.43
$87,600/Year
2,539 sqft
3,112 sqft
$432.85
$549,500
1x 4b/3b, 1x 3b/2b
Yes
2 Parking Spots (1 Garage Spot + 1 Surface Spot)
No
Other Features:
Can be delivered with 1 vacant unit, Successful Short-Term leasing already in place
The Highlights
2024 construction offering a 4-bedroom / 3-bath main residence plus a separately leased 3-bedroom / 2-bath attached ADU, giving buyers flexibility rarely found at this price point.
The main SFR is currently operated as a successful short-term rental, generating approximately $5,500–$6,500 per month with historical vacancy below 9%.
Existing reservations currently leave no vacancy for the next three months, offering an incoming investor the opportunity to acquire a property with established near-term rental demand.
The main residence provides multiple potential strategies: continue the existing short-term rental operation, transition to a traditional long-term tenant, or potentially deliver the home vacant for an owner-user while retaining income from the ADU.
The 3-bedroom / 2-bath rear unit is currently leased at $2,780 per month, providing consistent income alongside the flexible use of the main residence.
A buyer can potentially occupy the spacious 4-bedroom main residence while collecting rental income from the ADU, helping offset ownership costs without sacrificing the feel of a single-family home.
Newer construction featuring stainless steel appliances, modern interiors, central air and heat, in-unit laundry, and separate utility metering.
Convenient access to the DTLA Arts District, Echo Park, Little Tokyo, Downtown Los Angeles and surrounding dining, entertainment and employment hubs
The Neighborhood
<15-Minute Walk
La Chuperia #1, SIS CAFE, Fish Only Seafood Restaurant, Green Grill Mediterranean Cuisine, MX3030 LA Restaurant, Rise & Grind Cafe, Cares Coffee Bar, LA General Medical Center / USC Medical Campus,
<15-Minute Drive
Downtown Arts District, Chinatown, Echo Park Lake, The Echo, EightyTwo, Arts District Brewing Company, The 1917 at San Antonio Winery, Chinatown Central Plaza, USC Health Sciences / Keck Medical Center Campus,
<$15 Uber Ride
Girl & the Goat Los Angeles, Bavel, Bestia, Manuela, Hauser & Wirth, Salt & Straw, Far Bar, The Broad, Walt Disney Concert Hall, Donna’s, Bacetti, Bar Flores, MOCA Grand Avenue, The Short Stop
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