Los Angeles, CA 90026,743 N Occidental Blvd
Los Angeles, CA 90026,743 N Occidental Blvd
Los Angeles, CA 90026,743 N Occidental Blvd
Los Angeles, CA 90026,743 N Occidental Blvd
Los Angeles, CA 90026,743 N Occidental Blvd
Los Angeles, CA 90026,743 N Occidental Blvd
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$2,715,000

$2,875,000

5.6%
Est.Price: ?

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Est. payment /mo

7 Beds

5 Baths

4,058 SqFt


SOLD DATE : 08/27/2024

Key Details

Sold Price $2,715,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,058 sqft

Price per Sqft $669

MLS Listing ID 24-384553

Sold Date 08/27/24

Bedrooms 7

Year Built 1922

Lot Size 7,102 Sqft

Acres 0.163

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 Silver Lake - Echo Park

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Equipment None

Exterior

Garage Garage Is Attached

Garage Spaces 5.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Iconic Investments
Bought with Compass

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