See Home Value
$1,767,962*
Multifamily - Off Market

706 N Vendome St

Los Angeles, CA 90026
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
1,888 ft²
$821/ft²
$1,550,000 Aug 14, 2022
-
-
Multifamily
8 Beds
-
-
$1,595,000 Oct 11, 2022
-
-
Commercial
Loft
-
4,793 ft²
$334/ft²
$1,600,000 Aug 21, 2022
-
-
Multifamily
5 Beds
3 Baths
2,066 ft²
$653/ft²
$1,350,000 Jul 8, 2022
-
-
House
2 Beds
2 Baths
1,104 ft²
$1,358/ft²
$1,499,000 Nov 4, 2022
-
-
House
3 Beds
2 Baths
1,815 ft²
$824/ft²
$1,495,000 Nov 15, 2022
-
-
House
2 Beds
2 Baths
1,026 ft²
$1,360/ft²
$1,395,000 Oct 25, 2022
-
-
House
4 Beds
3 Baths
1,940 ft²
$721/ft²
$1,399,000 Nov 11, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210318
03/18/2021
Studio
-
-
$1,999,000
bedrooms
Studio
bathrooms
-
$1,575,000 -21.21%
06/28/2021
-
Jonathan Swire

Building Info

706 North Vendome Street 706 North Vendome Street, Los Angeles, CA 90026
More about this Building
706 North Vendome Street
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About East LA


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