628 North Occidental Boulevard
628 North Occidental Boulevard
For Sale By Owner
For Sale By Owner
Description
3 Separate Units on a flat rectangle lot, perfect for new construction or rehab with TIC! A 3-car garage can be easily converted to a 2 bed/1 bath or large 1/1. Or it can be combined with...Recently sold property of similar condition down the street sold for $842.16 per sq. ft. (2925 Bellevue). This lot is nearly 3x bigger and has an additional unit + 3 car garage! Heart of Silverlake, with Silverlake Address right off Sunset Blvd. One of the best walkable neighborhoods next to remodeled properties.
3 Separate Units on a flat rectangle lot, perfect for new construction or rehab with TIC! A 3-car garage can be easily converted to a 2 bed/1 bath or large 1/1. Or it can be combined with the top unit for a separated large single home. Large space in front to add additional parking, garage, or greenspace. Front house is a 2 bed 1 bath property with expanded area in the rear. There is a 1 bed/1 bath separate unit in the middle of the property. Units are separately metered for electricity and gas. Individual water heaters and laundry. In the rear is a spacious 1 bed/1 bath unit above a large 3-car garage. The area in front of this unit has room to fit 3-4 cars parked or can be convereted to expand either unit. The property can be delivered completely VACANT, ready for rehab, conversion, or TIC. Occidental is a highly desirable neighborhood, less than a minute walk from top rated Bagel Shop, the Harbor, and other well-established locations. The properties in the area have undergone major updates, so this is one of the last opportunities for a value-add in this neighborhood. Assumable FHA financing at 3% rate is available for around $830K, and the seller is open to negotiating a partial seller-financing term. The assumable loan itself is worth over $575,000 compared to a 7% mortgage rate! Fully rehabbed 4 unit TIC property would generate up to $3 million based on recent comps (705 N Hoover St and 3903 Melrose Ave) Or the lot can be converted to 8-10 unit Condos, or a large single family home. Close to the best restaurants, bars, coffee shops, entertainment venues: Erewhon, Bar Stella, Silverlake Ramen, Sweetgreen, Pine & Crane, Alfred Coffee, and Mohawk General.
2.5% Buyer's agent Commission.
2 Units can be delivered vacant at COE. Back unit 1/1 will be vacant on August 3rd. If you are a seller's agent: I am not looking for an agent right now. If you have experience with TIC/Ellis properties, feel free to submit a proposal. Only non-exclusive agreements at 4% will be looked at. Must have experience with RSO properties (and familiar with Ellis Act)
Viewings scheduled for 3/14 and 3/15. More viewings will be set at a later date. Contact LibertyPropertyUSA@gmail.com 323 696 0770
Amenities
- Garage
- Laundry
- Additional Parking
Location
Property Details for 628 North Occidental Boulevard
| Status | Active |
|---|---|
| MLS # | 11527236 |
| Days on Market | 51 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1930 |
| Lot Size | 0.14 AC / 6,000 SF |
| County | Los Angeles County |
Location
Building Information for 628 North Occidental Boulevard
Payment Calculator
$10,560 per month
30 year fixed, 7.25% Interest
$9,545
$1,015
$0
Property Information for 628 North Occidental Boulevard
- Garage Carsize: 3
- Lotsize: 6000.0
- Year Built: 1930
- Quarter Baths: 0
- Halfbaths: 0
- Threequarterbaths: 0
- Fullbaths: 3
- Bedrooms: 4
Property History for 628 North Occidental Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 628 North Occidental Boulevard
Schools near 628 North Occidental Boulevard
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 | ||
Edward R. Roybal Learning Center 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
Similar Sold Homes
Homes for Sale near Silver Lake
Neighborhoods
Cities
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.
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.