656 Parkman Ave
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656 Parkman Ave
3 Unit Apartment Building $2,195,000 ($731,667/Unit) 4.67% Cap Rate Los Angeles, CA 90026
Investment Highlights
- This Property is Walking Distance to Sunset Boulevard.
- Only a Mile Away from Silver Lake Reservoir.
Executive Summary
This 3-unit multi-family property has so many features that will attract the renter who wants to live in Silver Lake. Surrounded by other residential homes, this property is walking distance to all the shops and restaurants on Sunset Blvd. The property has lots of charm and character, with lots of space and light. The foundation was recently upgraded and retrofitted last year and is in excellent shape. The roof was also upgraded in 2019. There is street parking and 3 parking spaces in the rear accessed through the alley. The property is gated and secure.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,195,000 | Apartment Style | Low Rise |
| Price Per Unit | $731,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.67% | Building Size | 3,065 SF |
| Gross Rent Multiplier | 14.99 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1904 |
| Property Type | Multifamily | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,195,000 |
| Price Per Unit | $731,667 |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| Gross Rent Multiplier | 14.99 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,065 SF |
| No. Stories | 2 |
| Year Built | 1904 |
| Parking Ratio | 0.98/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $5,000 | 1,200 |
| 2+1 | 1 | $5,000 | 1,200 |
| 1+1 | 1 | $2,200 | 315 |
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Walk Score ®
Very Walkable (87)
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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656 Parkman Ave
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