$2,300,000
SOLD DEC 17, 2024

710 N La Fayette Park Place Los Angeles, CA 90026

18 Beds
22 Baths
10,038 Sq Ft
9,657 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

14% Below List Price

44 Days on Market

About This Home

As of December 2024

Under the same family ownership for more than 50 years, this asset presents an investor with a prime opportunity to reposition and add value, as current rents are approximately 83% below local market rates. Located within two blocks of Sunset Boulevard, near the intersection of Silver Lake Boulevard and Sunset Boulevard, the property grants tenants access to some of the trendiest restaurants, boutiques, and coffee shops within both Silver Lake and Echo Park. Sunset Junction is only 1.5 miles from the building, while the dense employment center in Downtown Los Angeles is merely 2 miles southeast. A new small format Target recently opened less than a half-mile from the building. Tenants enjoy convenient access to the Greater Los Angeles metro via the 101 Freeway, within onramps just blocks from the property.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 08/13/2024

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,657 Sq Ft Lot

Interior Spaces

  • 10,038 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 22 Bathrooms

Parking

  • 1 Open Parking Space
  • 15 Parking Spaces
  • 14 Covered Spaces
  • Assigned Parking

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5402-004-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10038
  • Lot Acreage: 0.2217
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 22.00
  • Price Per S Q F T: 267.78

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 1
  • Covered Parking: 14
  • Parking Garage: Assigned
  • Total Parking: 15

Lot Info

  • Assessed Improvement Percent: 86.74
  • Assessed Improvement Value: 270986
  • Assessed Land Percent: 13.26
  • Assessed Land Value: 41440
  • Total Assessed Value: 312426
  • Assessor Parcel Number: 5402-004-007
  • Lot Size Area: 9657

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.84
  • Number Of Units: 16
  • Total Annual Expense: 114810
  • Type Of Units: Residential
  • Vacancy Rate: 3

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $2,300,000 -14.4% $229 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $2,688,000 0.0% $268 / Sq Ft
03/21/2024 03/21/24 For Rent $1,850 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Raymundo

    Seller's Agent in 2024

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    2 in this area

    66 Total Sales

    Rick Raymundo
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 24-427533

The MLS

California Los Angeles County Los Angeles 90026

710 N La Fayette Park Place, Los Angeles, CA

This home is located at 710 N La Fayette Park Place, Los Angeles, CA 90026 and is currently priced at $2,300,000, approximately $229 per square foot. This property was built in 1965. 710 N La Fayette Park Place is a home located in Los Angeles County with nearby schools including Micheltorena Street Elementary School, Virgil Middle School, and Belmont High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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