1471 Wallace Avenue is a cozy, bright 2-bed, 1-bath bungalow that checks all the boxes for first-time buyers, creatives, and young families looking to own in one of Echo Park's most iconic enclaves. Perched in the hills of historic Angeleno Heights, this fully updated and well-cared-for home exudes pride of ownership and offers a blend of character, comfort, and smart design. Inside, you'll find an open-concept layout, hardwood floors, and a sunlit kitchen that flows directly to a spacious outdoor patio -- perfect for alfresco dining, entertaining, or winding down under the stars. The front and back yards are beautifully landscaped and ideal for anyone who loves to garden, relax, or host. The 9x9 detached bonus shed with A/C, electricity, and wired internet is perfect for a home office, creative studio, or gaming room. Additional highlights include a private laundry room and 1-car parking. Just down the hill from Echo Park Lake and minutes from local parks, cafes, and hotspots across Echo Park, Silver Lake, and Elysian Park. Eligible for a $20,000 grant toward closing costs--no repayment required. Great value--this gem won't last!