Skip To Content
    Return to Previous Page

    323 N La Fayette Park Pl

    Los Angeles, CA 90026
    • $1,485,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: 20-674196
    Price Reduced
    UPDATED: 175 min ago
    $1,485,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,178
      SQFT
    • $682
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Are you looking for a really solid investment property in an area that has a great upside? Look no further!! This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. Both of the 2-bedroom units which are side by side will be delivered vacant at COE making it a perfect opportunity for an owner-user to make it their own and combine them or rent out one and live in the other. The other two units , both 1-bedrooms, are detached structures in the rear of the property, one of which is leased at market rate and the other is Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is an amazing opportunity for an owner-user or an investor looking for an easy and solid income generating asset with a strong upside. Call listing agent for additional info or to set up a showing. Do Not Disturb Occupants.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. 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.lydiagable.com/homes/113022448
    Print Image

    323 N La Fayette Park Pl Los Angeles, CA 90026

    • Price: $1,485,000
    • Status: Active
    • Updated: 175 min ago
    • ID#: 20-674196
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,178
    SQFT
    $682
    $/SQFT
    1922
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    Are you looking for a really solid investment property in an area that has a great upside? Look no further!! This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. Both of the 2-bedroom units which are side by side will be delivered vacant at COE making it a perfect opportunity for an owner-user to make it their own and combine them or rent out one and live in the other. The other two units , both 1-bedrooms, are detached structures in the rear of the property, one of which is leased at market rate and the other is Section 8 tenant occupied which means guaranteed income, a big plus during Covid. This is an amazing opportunity for an owner-user or an investor looking for an easy and solid income generating asset with a strong upside. Call listing agent for additional info or to set up a showing. 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 101856 Gross Operating Income 101856 Insurance Expense 2800.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 2500.00 Net Operating Income 79654.00 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 2021-02-28T23:42:17.043. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-674196-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-674196-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-674196-2.jpg
    Logo
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377