710 N La Fayette Park Place

Los Angeles, CA 90026

$2,688,000

List Price

18

bed Beds

22

shower Baths

10,038 sqft

straighten / sqft

1965

calendar_month Built

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.

Listing Information

List Price $2,688,000
Status Active Under Contract
MLS 24427533
Type Residential Income
Year Built 1965
Lot Size 9,657
Structure Size 10,038
DOM 48
Courtesy Of Marcus & Millichap
Listing Agent Roderick 'Rick' Raymundo DRE#01357019

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 22

Exterior Information

Maps

Listing information courtesy of: Roderick 'Rick' Raymundo, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 8:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.