234 South Vendome Street

Los Angeles, CA 90057

$1,279,000
Price
9
Beds
6
Baths
2,926 Sq. Ft.
$437 / Sq. Ft.
2,926
Sq. Ft.
$437
per Sq. Ft.

Description

Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house. Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear. Upgrades to the main house include a...Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house. Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear. Upgrades to the main house include a brand new roof and central AC. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, updated baths, paint and flooring. Even at current rates, the entire mortgage would be covered with over $1500/month positive income with just 20% down. Better yet, if living in the main house, an owner-occupant would have the majority of their mortgage covered. This is a stand out property because it offers a plethora of options, whether looking to reside, hold for investment, or for future redevelopment thanks to its highly coveted LARD 1.5 zoning and additional ADU potential for the 2-car garage. Centrally located with a WalkScore of 89 and minutes to shops, eateries, Silver Lake, Los Feliz, Echo Park and world class amenities in DTLA, this is an ideally located gem at the center of everything L. A. has to offer.

Property Details for 234 South Vendome Street

Zoning
LARD1.5
Style
Victorian
Parcel Number
5155006017
Total Units
3.0
Living Area
2926
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Soulful Abode Los Angeles, Vanessa Yan, DRE #01418060
Add your commute
LISTING UPDATED: 05/18/2024 12:52 PM

Property Details for 234 South Vendome Street

StatusActive
MLS #24-390029
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 6,010 SF
CountyLos Angeles County

Location

Listing Courtesy of Soulful Abode Los Angeles, Vanessa Yan, DRE #01418060
Add your commute

Building Information for 234 South Vendome Street

Stories-Residences-Year Built1905Building Size-Lot Size0.14 AC / 6,010 SF

Payment Calculator

$7,575 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,980

Property Taxes

$595

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 234 South Vendome Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Low-rise
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $107,000
  • Gross Rent Multiplier: $12.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.138
  • Lot Size Square Feet: 6010
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,910.00
  • Unit Actual Rent: $2,910.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,503.00
  • Unit Actual Rent: $1,503.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $246,206.00
  • Assessed Improvement Percent: 44.16
  • Assessed Land Value: $311,382.00
  • Assessed Land Percent: 55.84
  • Assessed Total Value: $557,588.00

Property History for 234 South Vendome Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 234 South Vendome Street

Taxable ValueLand$311,382Additions$246,206Total$557,588
Tax Record2023$7,137 ($595 / month)
Home Facts
Total Finished SqFt2,926 SqFtAbove Grade Finished SqFt2,926 SqFtLot Size6,010 SqFtStyleTriplexYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN5155-006-017

Schools near 234 South Vendome Street

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
Commonwealth Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community 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.

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234 South Vendome Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on May 9, 2024 by Soulful Abode Los Angeles, it's currently listed at $1,279,000. It has been on the market for a total of 12 days and was last sold on May 26, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Commonwealth Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 234 South Vendome Street is a 9-bed, 6-bath, 2,926 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Soulful Abode Los Angeles, Vanessa Yan, DRE #01418060

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.