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619 N La Fayette Park Pl

Los Angeles, CA 90026
  • $2,850,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 22-117963
New On Site 4 Days Ago
UPDATED: 147 min ago
$2,850,000
  • 11
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,694
    SQFT
  • $772
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

Investor's dream property in the desirable upscale neighborhood of Silver Lake! This 6 unit turnkey apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, the building has five 2 bedroom/1bath units and one 1 bedroom/1 bath unit. Both bottom units have private patios. New roof, new tankless water heaters, new subpanels with upgraded electrical, new stainless steel appliances and new mini-split A/C systems are just some of the amazing upgrades done to the property. Centrally located, this property sits in the heart of Silver Lake with all the hot entertainment spots just around the corner. Priced to sell at $2,850,000, the property has an incredible market GRM of 14.93 and 5.07% cap! Separately metered for gas and electric. Come see it today before it goes!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/124725622
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619 N La Fayette Park Pl Los Angeles, CA 90026

  • Price: $2,850,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 147 min ago
  • MLS #: 22-117963
11
Beds
0
Baths
0
½ Baths
0.13
Acres
3,694
SQFT
$772
$/SQFT
1963
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Investor's dream property in the desirable upscale neighborhood of Silver Lake! This 6 unit turnkey apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, the building has five 2 bedroom/1bath units and one 1 bedroom/1 bath unit. Both bottom units have private patios. New roof, new tankless water heaters, new subpanels with upgraded electrical, new stainless steel appliances and new mini-split A/C systems are just some of the amazing upgrades done to the property. Centrally located, this property sits in the heart of Silver Lake with all the hot entertainment spots just around the corner. Priced to sell at $2,850,000, the property has an incredible market GRM of 14.93 and 5.07% cap! Separately metered for gas and electric. Come see it today before it goes!
Exterior Features

Covered Parking 0 Cross Streets Bellevue Ave And Benton Way Direction Faces South Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 0 Levels Two Lot Location City Lot Size Area 5557 Other Structures Accessory Dwelling Unit Parking Garage Parking SpaceDetachedAssignedGarage - 3 CarDriveway - ConcreteSide By Side Patio Features Porch - Front Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Traditional Tennis Court None Tennis YN No Total Parking 5 View Description City View YN Yes Water Frontage None

Interior Features

Bathroom Features Shower Over TubRemodeledLow Flow Toilet(S) Baths Total 6.00 Bedroom Features All Bedrooms DownAll Bedrooms Up Common Walls Attached Cooking Appliances Free Standing GasOvenOven-GasMicrowave Cooling Air Conditioning Den No Dining Room No Equipment Ceiling FanFreezerGas Or Electric Dryer HookupDishwasherDryerWasherRefrigeratorMicrowaveWater Line To RefrigeratorGarbage DisposalRange/Oven Family Room No Fireplace Rooms Living Room Flooring HardwoodLaminate Heating CombinationForced Air Interior Features Drywall WallsTurnkeyRecessed LightingOpen Floor PlanCommon WallsLaundry - Closet StackedHigh Ceilings (9 Feet+) Kitchen Features RemodeledSkylight(S) Laundry In UnitIn ClosetLaundry Closet Stacked Laundry Equipment Own Rooms Living Room Water Heater Features Tankless Windows Double Pane Windows

Property Features

ADACompliance No Alley YN No Amenities None Assessed Total Value 107900 Disability Access None Gardener Expense 1200.00 Gross Income 240 Gross Operating Income 190920 Insurance Expense 3500.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Maintenance Expense 3000.00 Net Operating Income 144604.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 46316 Type Of Units Multifamily Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Will Tiao DRE#01918965 of The Collective Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210