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$3,050,000
Est. payment /mo
8,588 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,588 sqft
Price per Sqft $355
MLS Listing ID CL25501235
HOA Y/N No
Year Built 1924
Lot Size 7,352 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
Built in 1924, 957 Vendome Street is a unique and special investment opportunity on one of the best streets in Silver Lake. The asset boasts eight (8) large, spacious units at +/- 1,100 SF each) and an excellent unit composition. All Two & Three Bedroom Units. Three of the Eight units have seen top-to-bottom remodels, featuring reimagined living rooms and kitchens, new flooring, modern lighting, updated kitchens and bathrooms, in-unit washers/dryers, and new stainless-steel appliances. Opportunity to nearly double (2X) existing rents. Steps from the iconic Silver Lake Blvd, 957 Vendome Street provides easy access to many of the hippest dining and shopping destinations that make Silver Lake so famous. There is a significant affordability gap in homeownership in the Silver Lake sub-market. As the median home price in the 90026 Zip Code is approximately $1,215,452, a typical monthly mortgage payment is 1.5 - 2 times more than the average renovated rent at 957 Vendome Street.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5426016011
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Listed by Nick Astrupgaard • KW Commercial Studio City