Resources
Schedule a Meeting
19 more photos
SOLD 4/13/2022

619 N La Fayette Park Place, Los Angeles, CA 90026$2,825,000

11
beds
6
baths
3694
ft2
· 5557
ft2 lot
$772 / ft2

Listing provided courtesy of Listing Broker: Will Tiao, The Collective Realty
Source CRMLS;
Loading...
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!

HOA

$0/month

On market

12 days

Year built

1963

Property type

Multi-Family

Parking

5

MLS

22117963

Price / Sq.Ft.

$772 / ft2

Status

Closed

Buyer’s Brokerage Commission

2.5%

Home details for 619 N La Fayette Park Place

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included, In Closet, Stackable
•   
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Oven, Gas Oven
•   
Has Appliances
•   
Security Features: Gated Community
•   
Laundry: 1
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Living Room
Rooms Info
•   
Room Information: Living Room
Interior Features
•   
Interior Features: Ceiling Fan(s), Recessed Lighting, Open Floorplan, High Ceilings
•   
Window Features: Double Pane Windows
Heating & Cooling
•   
Has Heating
•   
Heating Details: Combination, Forced Air
Flooring
•   
Flooring: Wood, Laminate
Interior Size
•   
Building Area Total: 3694.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Ground Level w/steps
•   
Zoning: LARD1.5
•   
Stories Total: 2
•   
Num Stories: Two
•   
Construction Materials: Stucco
Parking Info
•   
Parking Available: 1
•   
Parking Features: Parking Space, Detached Carport, Assigned, Garage - Three Door, Concrete, Side by Side
•   
Garage Spaces: 0.00
Property Features
•   
View: City Lights
•   
Property Condition: Updated/Remodeled
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1276
•   
Lot Size Area: 5557.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Property Type
•   
Architectural Style: Traditional
Exterior Features
•   
Direction Faces: South
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Number Of Separate Gas Meters: 6
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Sewer: Sewer Paid
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 190920.00
•   
Other Expense: 3600.00
•   
Maintenance Expense: 3000.00
•   
Total Actual Rent: 190680.00
•   
New Taxes Expense: 34200.00
•   
Insurance Expense: 3500.00
•   
Total Expenses: 46316.00
•   
Other Income1: 240.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 14.93
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 240.00
•   
Tax Year: 2021
•   
Taxes: 18100.85
Lease Info
•   
Net Operating Income: 144604.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2825.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2825.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2775.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2775.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2895.00
•   
Unit 1 Total Rent: 2895.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2695.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2695.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
Number With Refrigerator: 6
•   
# Of Units: 13
•   
Number With Patio: 2
•   
Number With Dishwasher: 6
•   
Number Of Units Leased: 6
•   
Number With Disposal: 6
•   
Number With Range: 6
Unit 5 Information
•   
Unit 5 Actual Rent: 2600.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2600.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Unit 6 Information
•   
Unit 6 Actual Rent: 2100.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 2100.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: 101 Hwy, exit 5A, Rampart Blvd to Bellevue onto La Fayette
Other
Calculation
•   
Dom: 14

Neighborhood snapshot

65
Properties for sale
13
Median days on market
$690.76
Median sold price/sqft
103.98%
Sold/List %
walk-icon}

walk score® :

transit-icon}

transit score® :

bike-icon}

bike score® :

Property History for 619 N La Fayette Park Place

04/13/2022
04/13/2022
CRMLS #22117963
sold
CRMLS #22117963
$2,825,000
--0.88%
01/13/2022
01/13/2022
CRMLS #22117963
active
CRMLS #22117963
$2,850,000
+100.00%
09/11/2018
09/11/2018
CRMLS #18356574
sold
CRMLS #18356574
$1,425,000

Similar homes

street view

$2,650,000325 N Union AvenueLos Angeles, CA 90026

12 bed
12 bath
5433
 ft²
 · 
6905
 ft²  lot
More in the area
Nearby cities
Long Beach Homes For SalePasadena Homes For SaleSanta Monica Homes For SaleThousand Oaks Homes For SaleSimi Valley Homes For Sale
Show More +
Services
BrokerageMortgageTitle & Escrow
Browse homes for sale in
Get the Flyhomes app
IOSAndroid
Equal Housing Opportunity
By searching, you agree to the Terms of Use, Privacy Policy and California Privacy Notice. California DRE #02012110; Flyhomes Mortgage, LLC: NMLS #1733272
TREC: Info about Brokerage Services, Consumer Protection Notice, Texas Mortgage Company Compliant/Recovery Fund Notice
Real estate brokerage licenses

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.

Flyhomes is registered trademark of Flyhomes, Inc.

NMLS Consumer Access
Affiliated Business Arrangement Disclosure
Flyhomes © 2022