1 /
1
Map
$1,767,962*
●
Multifamily -
Off Market
706 N Vendome St
Los Angeles, CA 90026
Studio
0 Bath
$1,418,000 - $1,732,000
Reference Base Price*
12.25%
Since Nov 1, 2021
CA-Los Angeles
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1935
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 6, 2021 | No longer available | - | |
No longer available | |||
Jun 28, 2021 | Sold | $1,575,000 | |
Sold | |||
May 29, 2021 | In contract | - | |
In contract | |||
May 14, 2021 | Price Decreased |
$1,575,000
↓ $74K
(4.5%)
|
|
Price Decreased | |||
Apr 22, 2021 | Price Decreased |
$1,649,000
↓ $100K
(5.7%)
|
|
Price Decreased |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
5
Beds
3
Baths
2,066 ft²
$653/ft²
$1,350,000
Jul 8, 2022
-
-
In Contract
House
2
Beds
2
Baths
1,026 ft²
$1,360/ft²
$1,395,000
Oct 25, 2022
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/18/2021
|
|
Studio
|
-
|
-
|
$1,999,000
Studio
-
|
$1,575,000
-21.21%
06/28/2021
|
-
|
Jonathan Swire
|