607 PARKMAN Avenue, Los Angeles, CA 90026

About this property

Exceptionally well maintained 8 unit mid-century building located in the high-growth rental market of Silver Lake, where rents typically exceed expectation. Quiet street, consisting of mostly single family homes and some 2-4 unit properties.Very low expenses with minimal maintenance and management. Separately metered for electricity and gas. New central water heater, updated plumbing and electrical service panels along with newer window A/C units for each. The 8 parking spaces consist of 6 carports and two open spaces. Three long time tenants paying less than half of current market value. Entire building has approximately 25-30% upside. If you looking for a building that you can easily manage yourself, with an exceptional tenant mix, don't hesitate on this one.

Listing description from the August 2015 sale, as reported to CRMLS.

Sale history

$1,820,000

Sold August 2015 · listed $1,799,000, on market July 2015 · MLS #15924989 · Source: CRMLS

Listing Agent: Lane Aronson · Listing Office: Berkshire Hathaway HomeService · Contact: 323-671-1200 · Bought with: Ilana Gafni · Crosby Doe Associates, Inc.

$1,550,000

Sold January 2014 · listed $1,525,000, on market September 2013 · MLS #13705697 · Source: CRMLS

Listing Agent: Ian Rhodes · Listing Office: Keller Williams Hollywood Hill · Contact: 310-623-1300 · Bought with: Lane Aronson · Berkshire Hathaway HomeService

$1,015,000

Sold June 2013 · listed $1,013,000, on market April 2013 · MLS #OC13074653 · Source: CRMLS

Listing Agent: Lara Gabriele · Listing Office: Realty One Group Inc · Contact: 949-783-2499 · Bought with: Lara Gabriele · Realty One Group Inc

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