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858 N La Fayette Park Place

Los Angeles (City), CA 90026
  • $2,375,000
  • STATUS: Active Under Contract
  • ON SITE: 86 Days
  • ID#: 22157391
Under Contract
UPDATED: 71 min ago
$2,375,000
  • 2
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,194
    SQFT
  • $566
    $/SQFT
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


Description

We are pleased to present an eleven (11) unit apartment building located at 858 N La Fayette Park Place in Los Angeles, California. The subject property is situated in a prime Silver Lake Location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1915, this property contains a solid unit mix of two (2) bachelor / one bathroom units, seven (7) studio / one bathroom units, and two (2) one bedroom / one bathroom units. Roof, electrical, and stairs were updated during the current ownership. The units feature wood flooring, kitchen appliances, HVAC split systems, closets, and balcony space. The subject property is located right off of Sunset Boulevard, where residents can enjoy trendy and walkable amenities. Some of these amenities include Foresta Boutique, Pilates Punx, Freedman's, Elio's Wood Fire Pizza, Cuscatleca Bakery, Epitaph Records, Silver Lake Ramen, and La Pergoletta on Sunset. The famous Silver Lake Flea market is also within walking distance, less than one (1) mile east of the subject property. There is a quaint but lovely pocket park, Laurel and Hardy Park, less than a mile away as well where tenants can relax. This is truly a central location in Silver Lake, 0.9 miles from Sunset Junction, 1.6 miles from Echo Park Lake, and 3.5 miles from Downtown with easy access to the -101 and -110 freeways. Tenants will also have access to the on-site laundry facilities and eight (8) on-site parking spaces. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with a unique building right off of Sunset Boulevard.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T15:37:07.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/128779694
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858 N La Fayette Park Place Los Angeles (City), CA 90026

  • Price: $2,375,000
  • Status: Active Under Contract
  • On Site: 86 Days
  • Updated: 71 min ago
  • ID#: 22157391
2
Beds
0
Baths
0
½ Baths
0.2
Acres
4,194
SQFT
$566
$/SQFT
1915
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are pleased to present an eleven (11) unit apartment building located at 858 N La Fayette Park Place in Los Angeles, California. The subject property is situated in a prime Silver Lake Location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1915, this property contains a solid unit mix of two (2) bachelor / one bathroom units, seven (7) studio / one bathroom units, and two (2) one bedroom / one bathroom units. Roof, electrical, and stairs were updated during the current ownership. The units feature wood flooring, kitchen appliances, HVAC split systems, closets, and balcony space. The subject property is located right off of Sunset Boulevard, where residents can enjoy trendy and walkable amenities. Some of these amenities include Foresta Boutique, Pilates Punx, Freedman's, Elio's Wood Fire Pizza, Cuscatleca Bakery, Epitaph Records, Silver Lake Ramen, and La Pergoletta on Sunset. The famous Silver Lake Flea market is also within walking distance, less than one (1) mile east of the subject property. There is a quaint but lovely pocket park, Laurel and Hardy Park, less than a mile away as well where tenants can relax. This is truly a central location in Silver Lake, 0.9 miles from Sunset Junction, 1.6 miles from Echo Park Lake, and 3.5 miles from Downtown with easy access to the -101 and -110 freeways. Tenants will also have access to the on-site laundry facilities and eight (8) on-site parking spaces. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with a unique building right off of Sunset Boulevard.
Exterior Features

Lot Features Landscaped Parking Features DrivewayUncovered Parking Total 8 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances Built-InGas OvenRangeRefrigeratorDryerWasher Fireplace Features Decorative Fireplace YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes Window Features Bay Window(S)

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.41 Gross Income 161508 Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 104686 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T15:37:07.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)