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    619 N La Fayette Park Pl

    Los Angeles, CA 90026
    • $2,850,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 20-603474
    UPDATED: 59 min ago
    $2,850,000
    • 10
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,204
      SQFT
    • $890
      $/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 5 unit turn-key apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, all five units in the building are 2 bedroom/ 1bath units with both bottom units boasting a private patio area. 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. As a bonus, the complex has a 3 car garage that is an RTI 1bed/1bath, ADU adding to your overall income. 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 GRM of 14.35 and 5.43% cap after adding the RTI ADU! 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 2020-08-07T11:42:42.43. 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.corrieluxuryhomes.com/homes/107817677
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    619 N La Fayette Park Pl Los Angeles, CA 90026

    • Price: $2,850,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 20-603474
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,204
    SQFT
    $890
    $/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 5 unit turn-key apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, all five units in the building are 2 bedroom/ 1bath units with both bottom units boasting a private patio area. 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. As a bonus, the complex has a 3 car garage that is an RTI 1bed/1bath, ADU adding to your overall income. 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 GRM of 14.35 and 5.43% cap after adding the RTI ADU! Separately metered for gas and electric. Come see it today before it goes!
    Exterior Features

    Covered Parking 3 Cross Streets Bellevue Ave And Benton Way Direction Faces South Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 3 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 9 View Description City View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Shower Over TubRemodeledLow Flow Toilet(S) Baths Total 5.00 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 Flooring Hardwood 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 Gross Income 197460 Gross Operating Income 197460 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Monthly Gross Income 16455.00 Net Operating Income 154760.00 Number Of Buildings 1 Number Of Units 5 Owner Pays WaterGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 43900 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 Tiao Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T11:42:42.43. 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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