Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

3,624 sqft

Lot size

8,725 sqft

Year built

1924

Stories

2

Heating

Forced Air

Cooling

None

Status

Active

Days on market

11

MLS #

249090230

About this property

826 N La Fayette Park Pl is a 4-unit property in Silver Lake, offered at $1,300,000 with 2 units to be delivered vacant. Built in 1924, the property totals approx. 3,624 SF on an 8,725 SF LAR2 lot and includes (4) 1-bdrm./1-bath apartments averaging approx. 900 SF. Set just off Sunset Blvd, the property sits between two of the Eastside's most recognizable neighborhood centers. To the west, Sunset Junction serves as the heart of Silver Lake's commercial scene, where Sunset and Santa Monica Blvd come together around cafs, restaurants, independent retail, and neighborhood businesses. To the east, Sunset continues into Echo Park's own commercial core around Echo Park Ave, with Echo Park Lake adding one of the area's defining outdoor spaces nearby. The 2-story building has a distinctly residential feel, with a stucco exterior, mature landscaping, tree cover, and restrained Spanish-influenced details around the entry. Inside, the larger 1-bdrm. units retain much of their original character, including hardwood flooring, arched openings, multi-pane windows, crown molding, and built-in cabinetry. Select interiors have also been refreshed with updated kitchens and bathrooms. Two of the four units will be delivered vacant, giving a buyer immediate flexibility within half of the property. The approx. 900 SF floor plans provide more living space than many typical 1-bdrm. apartments, while in-unit washer/dryers and separate gas and electric metering add practical day-to-day functionality. The 8,725 SF lot extends well beyond the building, with parking for at least 4 vehicles followed by a substantial rear garden with mature fruit trees, planting beds, and shaded outdoor space. The rear portion of the lot may also offer potential for future ADU construction, subject to buyer verification. 826 N La Fayette Park Pl pairs the scale and character of a 1920s residential property with immediate flexibility from 2 vacant units and a location closely tied to both Silver Lake and Echo Park. Just off Sunset Blvd, the property gives residents access to 2 distinct neighborhood hubs while maintaining a quieter residential setting of its own.

Location

826 N La Fayette Park Place

Los Angeles, Los Angeles, CA, 90026