Skip To Content

    323 N La Fayette Park Place

    Los Angeles (City), CA 90026
    • $1,485,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: 20674196
    UPDATED: 46 min ago
    $1,485,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,178
      SQFT
    • $682
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Opportunity knocks!! Two side by side units delivered VACANT. This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. Both of the 2-bedroom units which are side by side will be delivered vacant at COE making it a perfect opportunity for an owner-user to make it their own and combine them or rent out one and live in the other. The other two units , both 1-bedrooms, are detached structures in the rear of the property, one of which is leased at market rate and the other is Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is an amazing opportunity for an owner-user or an investor looking for an easy and solid income generating asset with a strong upside. Call listing agent for additional info or to set up a showing. Do Not Disturb Occupants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T18:26:21.843. 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 Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/113025798
    Print Image

    323 N La Fayette Park Place Los Angeles (City), CA 90026

    • Price: $1,485,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 20674196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,178
    SQFT
    $682
    $/SQFT
    1922
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Opportunity knocks!! Two side by side units delivered VACANT. This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. Both of the 2-bedroom units which are side by side will be delivered vacant at COE making it a perfect opportunity for an owner-user to make it their own and combine them or rent out one and live in the other. The other two units , both 1-bedrooms, are detached structures in the rear of the property, one of which is leased at market rate and the other is Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is an amazing opportunity for an owner-user or an investor looking for an easy and solid income generating asset with a strong upside. Call listing agent for additional info or to set up a showing. Do Not Disturb Occupants.
    Exterior Features

    Architectural Style Craftsman Construction Materials Stucco Parking Features On Street Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherDisposalRefrigerator Cooling Wall/Window Unit(S) Cooling YN Yes Heating Combination Heating YN Yes

    Property Features

    Disclosures Principal is Real Estate Licensed Gross Income 101856 Gross Scheduled Income 99127 Insurance Expense 2800 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 2500 Net Operating Income 79654 New Taxes Expense 13380 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1050 Vacancy Allowance Rate 0 Water Sewer Expense 1050 Zoning Lard2

    Listing provided courtesy of David Lukan of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T18:26:21.843. 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 Zember Realty Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg
    Logo
    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078