743 North Occidental Boulevard

Los Angeles, CA 90026

$2,875,000
Price
7
Beds
5
Baths
4,058 Sq. Ft.
$708 / Sq. Ft.
4,058
Sq. Ft.
$708
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

Zoning
LARD1.5
Parcel Number
5401027010
Total Units
5.0
Living Area
4058
Source Living Area
Appraiser
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
7102

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053
Add your commute
LISTING UPDATED: 05/03/2024 12:01 AM

Property Details for 743 North Occidental Boulevard

StatusActive
MLS #24-384553
Days on Market12
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

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053
Add your commute

Building Information for 743 North Occidental Boulevard

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

Payment Calculator

$17,487 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,690

Property Taxes

$1,797

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 743 North Occidental Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $219,753
  • Net Operating Income: $161,227.00
  • Gross Income: $219,753
  • Gross Rent Multiplier: $13.08
  • Total Annual Expense: 55339
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.163
  • Lot Size Square Feet: 7102
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 5
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,204.00
  • Unit Actual Rent: $3,204.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,004.00
  • Unit Actual Rent: $4,004.00
  • Unit Projected Rent: $4,150.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,151.00
  • Unit Actual Rent: $4,151.00
  • Unit Projected Rent: $4,150.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,254.00
  • Unit Actual Rent: $3,254.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,695.00
  • Unit Actual Rent: $3,695.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $416,160.00
  • Assessed Improvement Percent: 24.24
  • Assessed Land Value: $1,300,500.00
  • Assessed Land Percent: 75.76
  • Assessed Total Value: $1,716,660.00

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$1,300,500Additions$416,160Total$1,716,660
Tax Record2023$21,558 ($1,797 / 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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743 North Occidental Boulevard is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on April 25, 2024 by Iconic Investments, it's currently listed at $2,875,000. It has been on the market for a total of 12 days and was last sold on June 9, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 743 North Occidental Boulevard is a 7-bed, 5-bath, 4,058 sqft multi-family home built in 1922.

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 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.