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234 S Vendome St, Los Angeles, CA 90057
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234 S Vendome St Los Angeles, CA 90057

$1,169,000 Sold Price as of 05/26/2023
  • 10 Beds
  • 5 Baths
  • 2,926 Sq.Ft.
Sold
$1,169,000 Sold Price as of 05/26/2023 Refinance Your Mortgage
Map preview of 234 S Vendome St, Los Angeles, CA 90057

Property Overview: 234 S Vendome St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 2,926 living square feet and 6,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible investment opportunity in trendy Rampart Village (just south of Silver Lake), consisting of two structures: a large, vacant 4 bed, 2 bath front home (could be rented $3850) and rear duplex (currently collecting $4,196 total rents). The light-filled, Victorian-inspired front home sits back and up from the street, behind its own private gate, and features hardwood floors and historic details throughout. An updated kitchen with brand new appliances features a bar opening onto the living room. The rear master bedroom of this main home includes an ensuite bathroom. Outside, you will find a large front yard with mature landscaping and abundant fruit trees. A separate gate and private path leads to the duplex at the back of the property (which is also accessible from the alley at the back of the property). The duplex is composed of an upper 4 bed, 2 bath upstairs unit (rented for $2750) and a lower 2 bed, 1 bath unit (rented for $1446). Adjacent to the lower units sits two, separate, single-car garages opening onto alley (ADU potential - buyer to investigate). This 10 bed, 5 bath property is ideal for the owner-user looking to occupy a large, stand-alone home and collect substantial mortgage-helping rent, or for the investor looking to rent the front house for up to $4000/mo additional rent. The rear alley and RD1.5 zoning also makes this a potential redevelopment opportunity! Both rear tenants are rent-controlled, month-to-month, and are current on rent. This central and vibrant neighborhood borders Silver Lake and Koreatown, and offers one of LA's most convenient locations, just minutes to DTLA, Hollywood, Griffith Park, and multiple freeways. Don't miss out on this incredible opportunity!

Listed by Brock Harris | BRE #01328996 | Keller Williams Realty Los Feliz
Last checked: 5 minutes ago | Last updated: July 3rd, 2024 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
6,010
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23248107
City
Los Angeles
County
Los Angeles
Time on Site
484 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,446
  • Total Rent: $1,446
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 234 S Vendome St

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 5155006017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: maps.google.com
View more facts & features

Local Los Angeles Agent

Sale History for 234 S Vendome St

Last sold for $1,169,000 on May 26th, 2023

  • July, 2024

  • Jul 3, 2024

    Date

    Canceled

    CRMLS: 24390029

    $1,279,000

    Price

  • May 9, 2024

    Date

    Active

    CRMLS: 24390029

    $1,279,000

    Price

  • Listing provided courtesy of CRMLS

    Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house. Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear. Upgrades to the main house include a brand new roof and central AC. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, updated baths, paint and flooring. Even at current rates, the entire mortgage would be covered with over $1500/month positive income with just 20% down. Better yet, if living in the main house, an owner-occupant would have the majority of their mortgage covered. This is a stand out property because it offers a plethora of options, whether looking to reside, hold for investment, or for future redevelopment thanks to its highly coveted LARD 1.5 zoning and additional ADU potential for the 2-car garage. Centrally located with a WalkScore of 89 and minutes to shops, eateries, Silver Lake, Los Feliz, Echo Park and world class amenities in DTLA, this is an ideally located gem at the center of everything L.A. has to offer.

  • June, 2024

  • Jun 13, 2024

    Date

    Hold

    CRMLS: 24399771

    $3,600

    Price

  • Jun 3, 2024

    Date

    Active

    CRMLS: 24399771

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this beautifully renovated 3 bedroom & 3 bath front house in a triplex property. Nestled among a verdant and private front yard, this fully detached and separate single family home shares no common walls with the duplex in the rear. Features include a sunny front porch, front yard with vining plants and wildflowers, high ceilings, vintage architectural details, a new kitchen, updated baths, new central air conditioning, interior paint, flooring and a private oversized 1-car garage. Centrally located with a WalkScore of 89 and minutes to shops, eateries, Silver Lake, Los Feliz, Echo Park and world class amenities in DTLA, this is an ideally located gem at the center of everything L. A. has to offer.

  • May, 2024

  • May 7, 2024

    Date

    Canceled

    CRMLS: 24371351

    $1,279,000

    Price

  • Mar 21, 2024

    Date

    Active

    CRMLS: 24371351

    $1,279,000

    Price

  • Listing provided courtesy of CRMLS

    Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in newly-minted hotspot Rampart Village is this very rare income producing Victorian style triplex that offers a myriad of options from owner-occupying to holding for investment or future redevelopment courtesy of its highly coveted LARD 1.5 zoning and 2-car garage with ADU potential. Nestled among a verdant and private front yard, the property has the most valuable configuration for investors: a detached, move-in ready 3 bedroom/3 bathroom home in the front, complemented by a duplex at the rear. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, baths, central AC and a new roof installed in 2023. With the duplex currently rented at $4413/month and market rent for the vacant front house at $4500/month, the entire mortgage would be covered with over $1700/month positive income with just 20% down. Better yet, if living in the main house, an owner-occupant would have the majority of their mortgage covered. Centrally located to all the Eastside's most desirable gems of Echo Park, Silver Lake, Los Feliz and 8 minutes to world class destinations in DTLA like The Broad, Walt Disney Concert Hall and walking distance to some of the trendiest shops and eateries, this is a rare find not to be missed.

  • May, 2023

  • May 26, 2023

    Date

    Sold

    CRMLS: 23248107

    $1,169,000

    Price

  • Mar 6, 2023

    Date

    Active

    CRMLS: 23248107

    $1,495

    Price

  • November, 2015

  • Nov 25, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2015

  • Nov 24, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 234 S Vendome St

Assessed Value (2020): $530,445
Year Land Value Improved Value Assessed Value
2020 $296,224 $234,221 $530,445

Home Value Compared to the Market

This property vs the competition

234 S Vendome St sold on May 26, 2023 for 8.24% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $399.52 per/sqft which puts the price per square foot 49.49% lower than the current median sale per square foot for the city of Los Angeles.

About 234 S Vendome St

Detailed summary of property

234 S Vendome St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 2,926 living square feet, and sits on an approximately 6,010 square foot lot. 234 S Vendome St was first listed on ArdentRealEstateGroup.com on March 6, 2023. The homeowner sold the property for $1,169,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.24% lower than the current median priced home. Local homes that are currently for sale include 519 N Alexandria Ave, 4307 Clinton St and 2154 Santa Ynez St. While the average home in Los Angeles, CA is selling in 100 days, 234 S Vendome St has a days on market of 64 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 234 S Vendome St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 234 S Vendome St

Public county record property details
Beds
4
Baths
3
Year built
1905
Sq. Ft.
2,926
Lot Size
6,009
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,22
APN
5155-006-017

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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