$2,688,000 Price Analysis   ♡   Los Angeles, CA 90026 18 bed 22 bath 10,038 SqFt ($267/SqFt) 9,657SqFt lot. Built 1965 Listed 2024-08-20 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Under the same fam ily ownership for more than 50 years
This asset presents an investor with a prime opportunity to reposition and add value, as current rents are approximately 83% below local market rates. Located within two blocks of Sunset Boulevard, near the intersection of Silver Lake Boulevard and Sunset Boulevard, the property grants tenants access to some of the trendiest restaurants, boutiques and coffee shops within both Silver Lake and Echo Park.
Sunset Junction is 1.5 miles from the building, while the dense employment center in Downtown Los Angeles is merely 2 miles southeast. A new small format Target recently opened less than a half-mile from the building. Tnants enjoy convenient access to the Greater Los Angeles metro via the 101 Freeway, within onramps blocks from the property.
Presented by Roderick 'Rick' Raymundo at
Marcus & Millichap.
Property MLS #24-427533 from TheMLSCLAW
Full Bathrooms: 22
Garage Description: Assigned
Parking Total: 15
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9657
Calculated Total Monthly Association Fees: 0
Number of Units: 16
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 7580, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 12270, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 14370
County: Los Angeles
Directions: We are pleased to announce the opportunity to purchase 710 N La Fayette Park Place, a 16-unit multifamily property situated in the highly desirable Silver Lake neighborhood of Los Angeles, CA.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5402-004-007
Postal Code Plus 4: 2918
Zoning: LAR2
Source System Name: C2C
$2,688,000
TheMLSCLAW
Year Built: 1965
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 59
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.