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712 N La Fayette Park Pl, Los Angeles, CA 90026
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712 N La Fayette Park Pl Los Angeles, CA 90026

$2,688,000
  • 18 Beds
  • 22 Baths
  • 10,038 Sq.Ft.
For Sale
$2,688,000 Get Pre-Qualified
Map preview of 712 N La Fayette Park Pl, Los Angeles, CA 90026

Property Overview: 712 N La Fayette Park Pl Los Angeles, CA has 18 bedrooms, 22 bathrooms, 10,038 living square feet and 9,657 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: August 21st, 2024 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
9,657
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24427533
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,620
  • Total Rent: $6,481
  • Pro Forma/Market Rent: $7,580
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $823
  • Total Rent: $4,943
  • Pro Forma/Market Rent: $12,270
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,211
  • Total Rent: $7,268
  • Pro Forma/Market Rent: $14,370
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.84
  • Gross Scheduled Income: --
  • Net Operating Income: $105,440
  • Gross Operating Income: $220,250
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 712 N La Fayette Park Pl

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 16
  • Parcel Number: 5402004007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 710 N La Fayette Park Place, a 16-unit multifamily property situated in the highly desirable Silver Lake neighborhood of Los Angeles, CA.
View more facts & features

Local Los Angeles Agent

Sale History for 712 N La Fayette Park Pl

Last sold on June 5th, 2015

  • August, 2024

  • Aug 13, 2024

    Date

    Active

    CRMLS: 24427533

    $2,688,000

    Price

  • June, 2015

  • Jun 5, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2015

  • Jun 5, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 712 N La Fayette Park Pl

Assessed Value (2020): $297,618
Year Land Value Improved Value Assessed Value
2020 $39,424 $258,194 $297,618

Home Value Compared to the Market

This property vs the competition

712 N La Fayette Park Pl is listed 124% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $267.78 per/sqft which puts the price per square foot 65.13% lower than the median price per square foot for the city of Los Angeles.

About 712 N La Fayette Park Pl

Detailed summary of property

712 N La Fayette Park Pl is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 18 bedrooms, 22 bathrooms, roughly 10,038 living square feet, and sits on an approximately 9,657 square foot lot. 712 N La Fayette Park Pl was first listed on ArdentRealEstateGroup.com on August 20, 2024. The homeowner is currently asking $2,688,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 124% higher than the median priced home. Local competing homes currently for sale include 137 S La Fayette Park Pl, 1545 Murray Dr and 150 S Alvarado St. While the average home in Los Angeles, CA is selling in 106 days, 712 N La Fayette Park Pl has a days on market of 35 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 712 N La Fayette Park Pl Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 712 N La Fayette Park Pl

Public county record property details
Beds
18
Baths
16
Year built
1965
Sq. Ft.
10,038
Lot Size
9,656
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
29,31
APN
5402-004-007

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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