Property listed by KW Commercial Studio City, Nick Astrupgaard 818-432-1500
$3,050,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
81
Last Updated
Property Type
Other
Square Ft.
8,588
Lot Size
0.17 Acres
Year Built
1924
MLS Number
25501235
30 Days Snapshot Of 90026
$1.78M
+11%
(avg) sold price
20
+42%
homes sold
58
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 8,588, Levels: Two, Living area: 8588, 2 stories, 1 building
Income
Gross income: $184,506, Net operating income: $122,366
Lot
0.1688 acres, 7,352 square feet, Size: 7,352
Parking
OnStreet
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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