710 N La Fayette Park Pl | Los Angeles, CA 90026
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- LoopNet Team
710 N La Fayette Park Pl
Los Angeles, CA 90026
Silver Lake | $168K/Unit | Approx. 83% Upside · Multifamily Property For Sale · 16 Units
Investment Highlights
- Excellent Silver Lake Location – Two Blocks from Sunset Boulevard
- Rare Offering – Marketed for Sale for First Time in Over 50 Years
- Current Rents Average Only $1.78 per Square Foot When Similar Apartments Achieve Over $3.50 per Square Foot
- Outstanding Repositioning Opportunity – Current Rents Approximately 83% Below Market
- Available for Only $168,000 per Unit While Renovated Apartments in the Area Have Sold for $350,000-$400,000+ per Unit
- Only 1.5 Miles to Sunset Junction, 1.2 Miles to Silver Lake Reservoir, and 1 Mile to Echo Park Lake
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 10,038 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,038 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.49/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $796.00 | 400 |
| 1+1 | 6 | $856.00 | 550 |
| 2+2 | 6 | $1,104 | 800 |
PROPERTY TAXES
| Parcel Number | 5402-004-007 | Improvements Assessment | $276,405 |
| Land Assessment | $42,268 | Total Assessment | $318,673 |
PROPERTY TAXES
Parcel Number
5402-004-007
Land Assessment
$42,268
Improvements Assessment
$276,405
Total Assessment
$318,673
zoning
| Zoning Code | LAR2 (restricted Density Multiple Dwelling) |
| LAR2 (restricted Density Multiple Dwelling) |
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