234 South Vendome Street
234 South Vendome Street
$1,279,000
9
6
2,926
2,926
$437
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
StyleVictorian
Parcel Number5155006017
Total Units3.0
Living Area2926
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Location
LISTING UPDATED: 05/18/2024 12:52 PM
Property Details for 234 South Vendome Street
Status | Active |
---|---|
MLS # | 24-390029 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1905 |
Lot Size | 0.14 AC / 6,010 SF |
County | Los Angeles County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 234 South Vendome Street
Property History for 234 South Vendome Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
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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