Skip To Content
    Return to Previous Page

    323 N La Fayette Park Place

    Los Angeles (City), CA 90026
    • $1,495,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 20674196
    UPDATED: 40 min ago
    $1,495,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,178
      SQFT
    • $686
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Looking for a really solid investment property? Look no further! This well maintained Craftsman style fourplex is centrally located on a quiet street with many new developments in desirable Rampart Village just moments from Echo Park, Silver Lake, and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two units have been remodeled and are at market rents with great tenants, the remodeled 2 bedroom unit will be delivered vacant at COE. The two other units have been well maintained and are Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is a great opportunity for an owner-user or an investor looking for an easy and solid income generating asset with an upside partially thanks to all the new developments surrounding the property. Drive by only, viewable with an accepted offer. Fully occupied. Do Not Disturb Occupants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T13:26:33.28. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113025798
    Print Image

    323 N La Fayette Park Place Los Angeles (City), CA 90026

    • Price: $1,495,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 20674196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,178
    SQFT
    $686
    $/SQFT
    1922
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Looking for a really solid investment property? Look no further! This well maintained Craftsman style fourplex is centrally located on a quiet street with many new developments in desirable Rampart Village just moments from Echo Park, Silver Lake, and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two units have been remodeled and are at market rents with great tenants, the remodeled 2 bedroom unit will be delivered vacant at COE. The two other units have been well maintained and are Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is a great opportunity for an owner-user or an investor looking for an easy and solid income generating asset with an upside partially thanks to all the new developments surrounding the property. Drive by only, viewable with an accepted offer. Fully occupied. Do Not Disturb Occupants.
    Exterior Features

    Architectural Style Craftsman Construction Materials Stucco Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Combination Heating YN Yes

    Property Features

    Gross Income 85063.00 Gross Multiplier 17.50 Gross Operating Income 85063.00 Insurance Expense 2800.00 Maintenance Expense 2500.00 Net Operating Income 62861.00 New Taxes Expense 13380.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 22202.00 Trash Expense 1050.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 1050.00 Zoning Lard2

    Listing provided courtesy of David Lukan of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T13:26:33.28. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365068406-1.jpg
    Logo
    Desert Area Homes For Sale | Premier Properties
    78115 Calle Estado #104
    La Quinta CA, 92253