3456 Plata St - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$1,050,000 USD
310-968-7005
3456 Plata St, Los Angeles, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/15
null | 3.86% Cap Rate

3456 Plata St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • 3456 Plata is the lowest priced fourplex in 90026
  • 0.5 miles from Vigil Ave - home to a flourishing food scene and famous boutiques breathing new life into the community
  • 1.0 mile south of Sunset Blvd and the Silver Lake and Echo Park neighborhoods
  • Built in 1925, this bungalow-style complex features (1) 2-bdrm. unit, (1) VACANT 1-bdrm. unit, and (2) studio units
  • Value-add opportunity with approx. 47% rental upside, at projected market rents, the property will stabilize at a 7.28% CAP and 10.51 GRM

OVERVIEW

*** Lowest-priced fourplex in 90026*** Set half a mile from Virgil Avenue, 3456 Plata sits within reach of one of LA's most culturally vibrant corridors. The surrounding neighborhood has become a destination for locals and visitors alike, drawn to its flourishing food scene and independent retail. Within minutes, tenants have access to Sqirl's inventive California fare, Courage Bagels' New York-style classics, Bolita's modern Mexican cuisine, and Voodoo Vin's natural wine selection. Just one mile north, Sunset Boulevard and Silver Lake's creative community add another layer of appeal, reinforcing consistent tenant demand in this evolving pocket of 90026. Built in 1925, the property is a classic bungalow-style fourplex featuring (1) 2-bedroom unit, (1) 1-bedroom unit, and (2) studio units. Each unit offers wood flooring and large windows that fill the spaces with natural light. The 2-bedroom unit includes a private back patio, ideal for outdoor dining or entertaining. Property amenities include approximately 3 parking spaces and community laundry. For investors, 3456 Plata presents clear upside. Current rents are positioned approximately 47% below market, with projected stabilized returns of a 6.46% cap rate and 11.09 GRM at market rents. Following a recent $125,000 price reduction, the property is the lowest-priced fourplex in 90026, offering an accessible entry point into a neighborhood defined by momentum, culture, and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$691 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

3.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowest Priced 4plex in 90026 | $263K per Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,757 SF

ZONING

LAR2

APN/PARCEL ID

5401-011-005

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.