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743 N Occidental Blvd, Los Angeles, CA 90026
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743 N Occidental Blvd Los Angeles, CA 90026

$2,875,000
  • 10 Beds
  • 7 Baths
  • 4,058 Sq.Ft.
For Sale
$2,875,000 Get Pre-Qualified
Map preview of 743 N Occidental Blvd, Los Angeles, CA 90026

Property Overview: 743 N Occidental Blvd Los Angeles, CA has 10 bedrooms, 7 bathrooms, 4,058 living square feet and 7,102 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: Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas, and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location, and a turn-key asset.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 1 minute ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
7,102
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24384553
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,004
  • Total Rent: $4,004
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,151
  • Total Rent: $4,151
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,254
  • Total Rent: $3,254
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,204
  • Total Rent: $3,204
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,695
  • Total Rent: $3,695
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.08
  • Gross Scheduled Income: --
  • Net Operating Income: $161,227
  • Gross Operating Income: $219,753
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 743 N Occidental Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Property Information
  • Total # of Units: 5
  • Parcel Number: 5401027010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Prime Silverlake location just south of Sunset Blvd
View more facts & features

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Sale History for 743 N Occidental Blvd

Last sold for $1,650,000 on June 9th, 2021

  • April, 2024

  • Apr 25, 2024

    Date

    Active

    CRMLS: 24384553

    $2,875,000

    Price

  • June, 2021

  • Jun 9, 2021

    Date

    Sold

    CRMLS: 21691430

    $1,650,000

    Price

  • Feb 19, 2021

    Date

    Pending

    CRMLS: 21691430

    $1,695,000

    Price

  • Feb 9, 2021

    Date

    Active

    CRMLS: 21691430

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    The Occidental, located at 743 North Occidental Boulevard in the sophisticated hip Silver Lake neighborhood of Los Angeles, is a five-unit 1920s vintage multifamily community. The property is comprised of four separate structures, combining two Spanish-style one-bedroom casitas with a free-standing one-bedroom house and two apartment units with two-bedrooms and one-bathroom each. The total living area of all units is 3,560 square feet on a 7,100 square foot lot. With four structures, there is only one shared wall among the five units, providing tenants with a sense of quiet and privacy. In addition, the free-standing house unit in the center of the property, can be fenced off creating a luxuriously private patio garden space in the middle of the community. Four of the units feature original hardwood flooring, while the free-standing house has carpet, likely over original hardwood floors. All units offer individual water heaters, in-unit laundry hook-up, and are separately metered for gas and electricity. An additional property amenity is the five garage parking spaces access from the rear alley. The property will be delivered with three units vacant at closing, providing a new value-add-focused investor the immediate opportunity to realize market rents and a high stabilized yield through renovation and updating of the interiors.

  • August, 2007

  • Aug 9, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 743 N Occidental Blvd

Assessed Value (2020): $80,195
Year Land Value Improved Value Assessed Value
2020 $27,542 $52,653 $80,195

Home Value Compared to the Market

This property vs the competition

743 N Occidental Blvd is listed 132.79% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $708.48 per/sqft which puts the price per square foot 8.47% lower than the median price per square foot for the city of Los Angeles.

About 743 N Occidental Blvd

Detailed summary of property

743 N Occidental Blvd is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 10 bedrooms, 7 bathrooms, roughly 4,058 living square feet, and sits on an approximately 7,102 square foot lot. 743 N Occidental Blvd was first listed on ArdentRealEstateGroup.com on April 25, 2024. The homeowner is currently asking $2,875,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 132.79% higher than the median priced home. Local competing homes currently for sale include 2330 W 3rd St, 325 N Union Ave and 2021 Miramar St. While the average home in Los Angeles, CA is selling in 94 days, 743 N Occidental Blvd has a days on market of 11 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 743 N Occidental Blvd 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 743 N Occidental Blvd

Public county record property details
Beds
6
Baths
4
Year built
1922
Sq. Ft.
2,720
Lot Size
7,100
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5401-027-010

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.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
62
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), 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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