Address
152 N Vendome Street Los Angeles, CA
Price
$ 1,795,000
Property Attributes
  • MLS#21751508
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake
  • Zip90026
  • Style
  • Price$ 1,795,000
  • Bedrooms7
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage5402
  • Lot Size6,001 SqFt
Listing Provided Courtesy Of:
William James with James Capital Advisors, Inc. - 310-600-9858
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Significant Value-Add Opportunity - Current rents at the property are below market. There is approximately 54% upside in the current rents accounting for a pro forma 6.14% cap rate and a pro forma gross rent multiplier of 10.18. Non-Conforming Unit - Permit Pending - Currently, the property is operating as eight legal units plus one non-conforming unit. All of these units are occupied and the current ownership is in the process of permitting the non-conforming unit with the City of Los Angeles. The non-conforming unit is separately metered for gas and electricity. Private Patios and Balconies - Most units provide a private outdoor patio space. This has provided a premium amenity to the tenants during the pandemic and has resulted in 100% rent collections through the pandemic. Location, Location, Location - The subject property is located at the corner of Vendome and Council. Just south of Silverlake and Echo Park and adjacent to the trending neighborhoods of Rampart Village and Historic Filipinotown. Nearby development and home values have pushed the market rents substantially over the years.100% Rent Collections During Pandemic the tenants have all been paying their rent through the pandemic. Attractive Financing - Attractive purchase financing is available. Please inquire with listing agent for more details.

Price History
6/22/2021 Listed $1,795,000

General Features

Carport Spaces 5
Carport Y/N Yes
Co-Listing Agent State License # 01755842
Co-listing Agent Thomas Jonsson - BRE#01755842
Listing Agent William James - BRE#01734419
Listing Agent State License 01734419
Lot Size Square Feet 6001
MLS Area 671 - Silver Lake
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Status Pending
Total Units 8
Zoning LARD1.5

Interior Features

Laundry Features None

Exterior Features

Lot Size Acres 0.13
Lot Size Area 6001
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered
Total Parking 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90026

Price
AVG $1.24M
$1.8M
Visits
AVG 44
29
Year Built
AVG 1955
1963
Walkscore
AVG 83
88
Data Provided by Walkscore ® not using MLS data

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