$2,875,000 Price Analysis   ♡   Los Angeles, CA 90026 7 bed 5 bath 4,058 SqFt ($708/SqFt) 7,102SqFt lot. Built 1922 Listed 2024-04-25, Taxes $20,510 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Las Casitas is a 5-unit apartment building at 743 N.
Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3, 560 square feet of improvments on7, 100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, th e units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures and lighting.
The bathrooms have been updated with modern vanities, tiles, bathtubs and hardware. The units have new windows, split system conditioning units and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system and wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location and a turn-key asset.
Presented by Adam Zunder at
Iconic Investments.
Property MLS #24-384553 from TheMLSCLAW
Full Bathrooms: 5
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7102
Parking Total: 5
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 3250, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 4150, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 4150, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 3250, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 3700
County: Los Angeles
Directions: Prime Silverlake location just south of Sunset Blvd
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5401-027-010
Postal Code Plus 4: 3710
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $408,000 + $1,275,000 $1,683,000 | $20,510 |
| 2021 | $53,198 + $27,827 $81,025 | $1,743 |
| 2020 | $52,653 + $27,542 $80,195 | $1,748 |
| 2019 | $51,621 + $27,002 $78,623 | $1,710 |
| 2018 | $50,609 + $26,473 $77,082 | $1,591 |
| 2017 | $49,617 + $25,954 $75,571 | $1,521 |
| 2016 | $48,645 + $25,446 $74,091 | $1,462 |
| 2015 | $47,915 + $25,064 $72,979 | $1,449 |
| 2014 | $46,977 + $24,574 $71,551 | $1,479 |
| 2013 | $46,765 + $24,463 $71,228 | $1,469 |
| 2012 | $45,849 + $23,984 $69,833 | $1,483 |
| 2010 | $44,950 + $23,514 $68,464 | $1,186 |
| 2009 | $44,721 + $23,395 $68,116 | $1,150 |
| 2009 | $44,615 + $23,339 $67,954 | $1,150 |
| 2008 | $43,845 + $22,937 $66,782 | $1,199 |
| 2007 | $42,986 + $22,488 $65,474 | $1,072 |
$2,875,000
TheMLSCLAW
Sold 2021-06-09
$1,650,000
TheMLSCLAW
Year Built: 1922
Levels: Multi Levels
Living Area Source: Appraiser
Property Age: 102
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.