323 North La Fayette Park Place

Los Angeles, CA 90026

$1,450,000
Last Sold Price
6
Beds
6
Baths
2,178 Sq. Ft.
$666 / Sq. Ft.
2,178
Sq. Ft.
$666
per Sq. Ft.

Description

Opportunity knocks!! Two units delivered VACANT. This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. One of the 2-bedroom units and one if the 1-bedroom units will...Opportunity knocks!! Two units delivered VACANT. This well maintained Craftsman style fourplex is centrally located on a quiet street surrounded by many new developments in desirable Rampart Village which borders Silver Lake and is just moments from Echo Park and DTLA. Recent major upgrades include a new foundation, new roof, and a new sewer line. Two of the four units have been remodeled, the other two units have been well maintained. One of the 2-bedroom units and one if the 1-bedroom units will be delivered vacant making this an amazing opportunity for an owner-user or an investor looking for an easy and solid income generating asset with a strong upside. Call listing agent for additional info or to set up a showing. Do Not Disturb Occupants.

Listing Agent

  1. David Lukan

    David Lukan

    Listing Agent

    Compass

    DRE #01873011

Property Details for 323 North La Fayette Park Place

Zoning
LARD2
Style
Craftsman
Cross Streets
Temple
Parcel Number
5156024017
Total Units
4.0
Living Area
2178
Source Living Area
Estimated
Area
Silver Lake (671)

Location

Listing Courtesy of Compass, David Lukan, DRE #01873011

Sold By Compass, David Lukan, DRE #01873011

Add your commute
LISTING UPDATED: 01/27/2022 09:32 AM

Property Details for 323 North La Fayette Park Place

StatusSold
MLS #21-774526
Days on Market1
Taxes$13,380 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 6,249 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, David Lukan, DRE #01873011

Sold By Compass, David Lukan, DRE #01873011

Add your commute

Building Information for 323 North La Fayette Park Place

Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,249 SF

Payment Calculator

$9,028 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$1,115

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 North La Fayette Park Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Fourplex
Contract Info
Contract Info
  • Disclosures: As Is, Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $101,856
  • Net Operating Income: $79,654.00
  • Gross Income: $101,856
  • Cap Rate: 5.36%
  • Gross Rent Multiplier: $14.57
  • Actual Gross Annual Income: $85,063
  • Owner Pays: Gardener, Water, Other
  • Total Annual Expense: 22202
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6249
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall/Window
  • Heating: Combination
  • Heating Type: Other, Combination
  • Equipment: Range/Oven, Refrigerator, Dishwasher, Cable, Built-Ins, Garbage Disposal, Washer, Dryer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-19-2021
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,475.00
  • Unit Actual Rent: $1,475.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,243.00
  • Unit Actual Rent: $1,243.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $75,757.00
  • Assessed Land Value: $202,381.00

Property History for 323 North La Fayette Park Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 323 North La Fayette Park Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Street Primary School
PublicK to 1

Rosemont Avenue Elementary School
Public2 to 5

Virgil Middle School
Public6 to 8

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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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 Compass, David Lukan, DRE #01873011

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.