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    706 N Vendome Street

    Los Angeles (City), CA 90026
    • $1,649,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 21707252
    UPDATED: 80 min ago
    $1,649,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $412
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:

    School Ratings & Info

    Description

    7 units in Silver Lake on a 9,399 SF lot zoned LAR 1.5. City of LA Assessor says 7 units, but City of LA Housing says 5 units. Per Owner there are 5 legal units + 1 Non-conforming SFR in the back (it rents as a 2/2 + 0+1 and was originally permitted as a Workshop). Given that the City of LA is allowing and encouraging ADU's, there is a good chance the City will allow these two units to be made legal. Buyer to verify. Currently there are 4 studios, 1 1 bedroom and a 2 Bed/3 bath Non-Conforming house in the rear of the property (Rented as a 2/2 and 0/1). Subject to City of LA Rent Control. Seller does not have plans/permits nor are they exactly sure what can be built but has been advised by a Developer that 6 units can be built on the site, each averaging around 2,000 SF. Estimated sellout value would be around $8.4MM ($710/SF). Buyer to verify. Seller upgraded the main electrical panel in 2011 to 200 AMPs. There are 7 carport parking spaces onsite. 2 units can be delivered vacant. Contact LA for more info.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T13:32:58.397. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115245946
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    706 N Vendome Street Los Angeles (City), CA 90026

    • Price: $1,649,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 21707252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,000
    SQFT
    $412
    $/SQFT
    1935
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    7 units in Silver Lake on a 9,399 SF lot zoned LAR 1.5. City of LA Assessor says 7 units, but City of LA Housing says 5 units. Per Owner there are 5 legal units + 1 Non-conforming SFR in the back (it rents as a 2/2 + 0+1 and was originally permitted as a Workshop). Given that the City of LA is allowing and encouraging ADU's, there is a good chance the City will allow these two units to be made legal. Buyer to verify. Currently there are 4 studios, 1 1 bedroom and a 2 Bed/3 bath Non-Conforming house in the rear of the property (Rented as a 2/2 and 0/1). Subject to City of LA Rent Control. Seller does not have plans/permits nor are they exactly sure what can be built but has been advised by a Developer that 6 units can be built on the site, each averaging around 2,000 SF. Estimated sellout value would be around $8.4MM ($710/SF). Buyer to verify. Seller upgraded the main electrical panel in 2011 to 200 AMPs. There are 7 carport parking spaces onsite. 2 units can be delivered vacant. Contact LA for more info.
    Exterior Features

    Parking Features None

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Gross Income 125000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 73000 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Jonathan Swire of The Agency


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T13:32:58.397. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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