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    323 N La Fayette Park Pl

    Los Angeles, CA 90026
    • $1,495,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 20-674196
    UPDATED: 36 min ago
    $1,495,000
    • 6
      BEDS
    • N/A
      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. One Section 8 unit will be vacated in May and shall be eligible to be leased at market rate. 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 plethora of new developments surrounding the property. Do Not Disturb Occupants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T12:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113022448
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    323 N La Fayette Park Pl Los Angeles, CA 90026

    • Price: $1,495,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 20-674196
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,178
    SQFT
    $686
    $/SQFT
    1922
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    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. One Section 8 unit will be vacated in May and shall be eligible to be leased at market rate. 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 plethora of new developments surrounding the property. Do Not Disturb Occupants.
    Exterior Features

    Cross Streets Temple Exterior Construction Stucco Lot Size Area 6249 Other Structures None Parking Garage On Street Pool Description None Pool YN No Roof Composition Spa None Spa YN No Style Craftsman Tennis Court None Tennis YN No Total Parking 0

    Interior Features

    Baths Total 5.00 Cooling Air ConditioningWall/Window Equipment Range/OvenRefrigeratorDishwasherCableBuilt-InsGarbage DisposalWasherDryer Heating OtherCombination Laundry In Unit

    Property Features

    Gardener Expense 1422.00 Gross Income 85063 Gross Operating Income 85063 Insurance Expense 2800.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 2500.00 Net Operating Income 62861.00 Number Of Buildings 3 Number Of Units 4 Owner Pays GardenerWaterOther Rent Control YN Yes Sale Type Standard Source Living Area Estimated Source Lot Size Area Assessor Tax Total 13380.00 Tenant Pays ElectricityGas Total Annual Expense 22202 Trash Expense 1050.00 Type Of Units Fourplex Water Expense 1050.00 Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of David Lukan DRE#01873011 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T12:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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