957 N Vendome St

los angeles, CA 90026

$3,050,000

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    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.

    Details

    8,588 Sq Ft

    7,352 Sq Ft Exterior Space

    Investment

    Built in 1924

    MLS/Listing ID 25501235

    2 Stories

    8 Units

    Listing Courtesy of KW COMMERCIAL STUDIO CITY, NICK ASTRUPGAARD - 818-432-1580

    CLAW

    Source of Data: THE MLS

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