619 N La Fayette Park Place, Los Angeles, CA 90026

About this property

Investor's dream property in the desirable upscale neighborhood of Silver Lake! This 6 unit turnkey apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, the building has five 2 bedroom/1bath units and one 1 bedroom/1 bath unit. Both bottom units have private patios. New roof, new tankless water heaters, new subpanels with upgraded electrical, new stainless steel appliances and new mini-split A/C systems are just some of the amazing upgrades done to the property. Centrally located, this property sits in the heart of Silver Lake with all the hot entertainment spots just around the corner. Priced to sell at $2,850,000, the property has an incredible market GRM of 14.93 and 5.07% cap! Separately metered for gas and electric. Come see it today before it goes!

Listing description from the April 2022 sale, as reported to CRMLS.

Sale history

$2,825,000

Sold April 2022 · listed $2,850,000, on market January 2022 · MLS #22117963 · Source: CRMLS

Listing Agent: Will Tiao · Listing Office: The Collective Realty · Contact: 310-569-1335 · Bought with: Eshwin Narayan · Keller Williams Beverly Hills

$1,425,000

Sold September 2018 · listed $1,499,999, orig. $1,650,000, on market May 2018 · MLS #18356574 · Source: CRMLS

Listing Agent: John Ellison · Listing Office: Melrose Realty · Contact: 323-371-6915 · Bought with: John Ellison · Melrose Realty

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