743 North Occidental Boulevard

Los Angeles, CA 90026

$2,715,000
Last Sold Price
10
Beds
7
Baths
4,058 Sq. Ft.
$669 / Sq. Ft.
4,058
Sq. Ft.
$669
per Sq. Ft.

Description

Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were...Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas, and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location, and a turn-key asset.
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments

Property Details for 743 North Occidental Boulevard

Parking Spaces Total
5
Cooling Type
Air Conditioning
Total Units
5.0
Living Area
4058
Assessor Parcel Number
5401-027-010
New Construction
No
Building Area Total
4058
Stories Total
2
LISTING UPDATED: 08/27/2024 06:25 AM

Property Details for 743 North Occidental Boulevard

StatusClosed
MLS #24384553
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.16 AC / 7,102 SF
CountyLos Angeles County

Building Information for 743 North Occidental Boulevard

Stories2Residences-Year Built1922Building Size-Lot Size0.16 AC / 7,102 SF

Property Information for 743 North Occidental Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $219,753
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $219,753
  • Net Operating Income: $161,227
  • Gross Multiplier: 13.08
Expense Details
  • Total Expenses: $55,339
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Equipment: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Other Structures: None
Land/Lot Info
  • Number Of Units: 5
  • Levels: Multi/Split
Parking Info
  • Parking Garage: Garage Is Attached
  • Attached Garage: Yes
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $3,204
  • Unit Type Total Rent: $3,204
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $4,004
  • Unit Type Total Rent: $4,004
  • Unit Type Pro Forma: 4150
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $4,151
  • Unit Type Total Rent: $4,151
  • Unit Type Pro Forma: 4150
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $3,254
  • Unit Type Total Rent: $3,254
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $3,695
  • Unit Type Total Rent: $3,695
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 5
Unit Information
  • Number Of Buildings: 4

Property History for 743 North Occidental Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 743 North Occidental Boulevard

Taxable ValueLand$1,326,510Additions$454,063Total$1,780,573
Tax Record2024$22,330 ($1,861 / month)
Home Facts
Total Finished SqFt3,560 SqFtAbove Grade Finished SqFt3,560 SqFtLot Size7,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLARD1.5CountyLOS ANGELESAPN5401-027-010

Schools near 743 North Occidental Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.