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706 N Vendome Street, Los Angeles, CA 90026
$1,575,000
706 N Vendome Street, Los Angeles, CA 90026View this property at 706 N Vendome Street, Los Angeles, CA 90026
706 N Vendome StreetLos AngelesCA90026
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Property Description
7 units in Silver Lake on a 9,399 SF lot zoned LAR 1.5. City of LA Assessor says 7 units, but City of LA Housing says 5 units. Per Owner there are 5 legal units + 1 Non-conforming SFR in the back (it rents as a 2/2 + 0+1 and was originally permitted as a Workshop). Given that the City of LA is allowing and encouraging ADU's, there is a good chance the City will allow these two units to be made legal. Buyer to verify. Currently there are 4 studios, 1 1 bedroom and a 2 Bed/3 bath Non-Conforming house in the rear of the property (Rented as a 2/2 and 0/1). Subject to City of LA Rent Control. Seller does not have plans/permits nor are they exactly sure what can be built but has been advised by a Developer that 6 units can be built on the site, each averaging around 2,000 SF. Estimated sellout value would be around $8.4MM ($710/SF). Buyer to verify. Seller upgraded the main electrical panel in 2011 to 200 AMPs. There are 7 carport parking spaces onsite. 2 units can be delivered vacant. Contact LA for more info.
Full Property Details
Full Property Details for 706 N Vendome St
General
- Sold For: $1,575,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-707252
- Added to Site: 1, 144 day(s) ago
Parking
- Parking Features: None
- Parking: None
Location
- Area: 671 - Silver Lake
- County: Los Angeles
- Development Name: 671 - Silver Lake
- Driving Directions: 9, 400 SF Lot in 90026.
Heating & Cooling
- Cooling Type: None
Structural Information
- Square Feet: 4,000
- Year Built: 1935
Unit Information
Unit 1
- Number of Units: 5
- Total Bathrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.21
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $393.75
Listed by The Agency, Jonathan Swire
Sold by Citivest Realty Services, Seth Hamilton
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Schools
Schools serving 706 N Vendome St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1511 Micheltorena St, Los Angeles, CA 90026 | K-6 | 0.6 mi | |
152 N Vermont Ave, Los Angeles, CA 90004 | 6-8 | 0.9 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 706 N Vendome St
Date
Details
Price
Change
Source
6/28/2021
Sold
$1,575,000
—
MLS
5/13/2021
Price Reduced
$1,575,000
-4.49%
MLS
4/20/2021
Price Reduced
$1,649,000
-5.72%
MLS
3/31/2021
Price Reduced
$1,749,000
-12.51%
MLS
3/18/2021
Listed
$1,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
706 N Vendome Street, Los Angeles, CA 90026 (MLS# 21-707252) is a Multi-Family property that was sold at $1,575,000 on June 28, 2021. Want to learn more about 706 N Vendome Street? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.