957 Vendome St - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$2,550,000 USD
213-305-9026
957 Vendome St, Los Angeles, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

957 Vendome St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Eight massive units in prime Silver Lake | incredible upside
  • Located adj to Sunset Blvd. and best pocket neighborhood
  • Three of the Eight units have seen top-to-bottom remodels, featuring reimagined living rooms and kitchens, new flooring, new modern lighting, updated
  • Opportunity to nearly double (2X) existing rents. Five of eight units are not turned.
  • Separetely metered for gas & electrical
  • Offering to benefit from operational efficiencies and active ownership

OVERVIEW

ONE-OF-A-KIND ASSET: Built in 1924, 957 Vendome Street is a unique and special investment opportunity on one of the best streets in Silver Lake. HUGE UNITS: Large spacious unit at +/- 1,100 SF each) and excellent unit composition. All Two & Three Bedroom Units PROVEN CONCEPT: Three of the Eight units have seen top-to-bottom remodels, featuring reimagined living rooms and kitchens, new flooring, new modern lighting, updated kitchens and bathrooms, in-unit washers/dryers, and new stainless-steel appliances. FUTURE UPSIDE: Opportunity to nearly double (2X) existing rents. Five of eight units are not turned. PRIME SILVER LAKE LOCATION: Steps from the iconic Silver Lake Blvd, 957 Vendome Street provides easy access to many of the hippest dining and shopping destinations that make Silver Lake so famous.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

8

PRICE/UNIT

$318,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,318 SF

ZONING

LAR2

APN/PARCEL ID

5426-016-011

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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