$2,050,000
$2,375,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
11 Baths
4,194 SqFt
SOLD DATE : 11/04/2022
Key Details
Sold Price $2,050,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,194 sqft
Price per Sqft $488
MLS Listing ID 22157391
Sold Date 11/04/22
Bedrooms 2
HOA Y/N No
Year Built 1915
Lot Size 8,620 Sqft
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Heating Wall Furnace
Flooring Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Built-In, Gas Oven, Range, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway, Uncovered
Pool None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped
Story 2
New Construction No
Others
Senior Community No
Tax ID 5402003011
Special Listing Condition Standard
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Bought with Jason Tuvia Marcus & Millichap