15
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$2,300,000
$2,688,000 14.4%
Est. payment /mo
18 BD
22 BA
10,038 SqFt
Sold on 12/17/2024
710 N La Fayette Park PL Los Angeles, CA 90026
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Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,038 sqft
Price per Sqft $229
MLS Listing ID 24427533
Sold Date 12/17/24
Bedrooms 18
HOA Y/N No
Year Built 1965
Lot Size 9,657 Sqft
Property Description
Under the same family ownership for more than 50 years, this asset presents an investor with a prime opportunity to reposition and add value, as current rents are approximately 83% below local market rates. Located within two blocks of Sunset Boulevard, near the intersection of Silver Lake Boulevard and Sunset Boulevard, the property grants tenants access to some of the trendiest restaurants, boutiques, and coffee shops within both Silver Lake and Echo Park. Sunset Junction is only 1.5 miles from the building, while the dense employment center in Downtown Los Angeles is merely 2 miles southeast. A new small format Target recently opened less than a half-mile from the building. Tenants enjoy convenient access to the Greater Los Angeles metro via the 101 Freeway, within onramps just blocks from the property.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 15
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5402004007
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
Bought with Subscriber Non • Non-Participant Office
Bought with Subscriber Non • Non-Participant Office