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Los Angeles, CA 90026,743 N Occidental BLVD
Los Angeles, CA 90026,743 N Occidental BLVD
Los Angeles, CA 90026,743 N Occidental BLVD
$2,715,000
Est. payment /mo
$2,875,000
5.6%
Est.Price: ?

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7 Beds
5 Baths
4,058 SqFt
SOLD DATE : 08/27/2024

Key Details

Sold Price $2,715,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,058 sqft

Price per Sqft $669

MLS Listing ID 24384553

Bedrooms 7

Year Built 1922

Lot Size 7,100 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Interior

Heating Wall Furnace

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Adam Zunder • Iconic Investments
Bought with Scott Tamkin • Compass
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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