3 months on rocket

137 S La Fayette Park Pl, Los Angeles, CA, 90057

$2,400,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
15 Baths
10,340 SqFt
$232/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

137 S La Fayette Park Pl, Los Angeles$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGated, Side By Side
Year Built1950
HeatingWall Furnace
MLS #24397453
Lot Size0.25 Acres
StatusActive

About 137 S La Fayette Park Pl

We are pleased to present for sale, the epitome of urban living in the Koreatown/Westlake submarket of Los Angeles. The La Fayette Garden Apartments is a 15-unit true-value add building rip for new ownership to renovate and reposition the asset to suit the surrounding area. This wide, tree lined street, is known to be a premier location with the many meticulously renovated buildings owned by some of the largest institutional investors. Owners on La Fayette has historically achieved significantly higher rents than other streets within this submarket because of its charm. La Fayette Gardens features a unit mix of 6 studios and 9 one bedroom/one bath units across +/- 10,340 square feet of improvements on a +/- 10,981 square foot lot. The property is listed at $160,000 per unit which far below what other properties in the area trade for. This gives a buyer cushion to execute their business plan of turning units, renovate and reposition, and the ability to achieve market rents. Other properties on La Fayette that benefit from extensive renovations proves that renters are willing to pay for a superior product on this premier street. The property has a rear parking lot with 12 individual spaces, is individually metered for electricity, master metered for water and sewer, and individually metered for gas (each unit has their own individual water heater). This is a true value-add opportunity with a low cost per unit and square foot, and the ability to add tremendous amount of value. Please contact listing agents for full offering memorandum.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 0
  • Living Area: 10,340 SqFt

Listing Office:

  • Office Name: Iconic Investments
  • Office Phone: (747) 444-3300
  • Listing Agent: Adam Zunder

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Gated, Side By Side

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • Belmont Senior High School, Public District Grades 9-12
  • Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Virgil Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Commonwealth Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: A Prime location in Westlake on the northern border.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $232/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

34

# of Sold Homes

1609

137 S La Fayette Park Pl vs Los Angeles

119 DAYS ON ROCKET

+85 Days

$2,400,000

+$1.3M More

$232/SqFt

-$408 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $408/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24397453

Listing Office:

  • Office Name: Iconic Investments
  • Office Phone: (747) 444-3300
  • Listing Agent: Adam Zunder

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/26/2024, 5:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-322963
6
/10

  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-322964
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.90 miles

  • Public Magnet Grades KG-6

school-card-donut-322965
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 22.42 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-322966
5
/10

  • Virgil Middle School

  • 152 N Vermont Ave

  • 0.67 miles

  • Public District Grades 6-8

school-card-donut-322967
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.46 miles

  • Public District Grades 6-8

High School

school-card-donut-322968
3
/10

  • Belmont Senior High School

  • 1575 W 2nd St

  • 1.03 miles

  • Public District Grades 9-12

school-card-donut-322969
3
/10

  • Contreras Learning Center-Academic Leadership Community

  • 322 Lucas Ave

  • 1.35 miles

  • Public District Grades 9-12

school-card-donut-322970
2
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 1.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,533. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 137 S La Fayette Park Pl

What is the listing price of this property?

The listing price of 137 S La Fayette Park Pl property is $2,400,000.

What type of property is this?

The property 137 S La Fayette Park Pl is a house located in Los Angeles, California, 90057.

Is this property for sale now?

Active Listing: 137 S La Fayette Park Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 137 S La Fayette Park Pl are:
Commonwealth Avenue Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Virgil Middle School: GreatSchools Rating 5/10
Studio: GreatSchools Rating 4/10
Belmont Senior High School: GreatSchools Rating 3/10
Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 137 S La Fayette Park Pl has 9 bedrooms and 15 bathrooms.

What is the square footage of this property?

The property 137 S La Fayette Park Pl is 10,340 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 137 S La Fayette Park Pl is 1950.

Rocket Homes›California›Los Angeles County›Los Angeles›90057›137 S La Fayette Park Pl

This home is located at 137 S La Fayette Park Pl in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 10,340 square foot home, which was built in 1950, sits on a 0.25 acre lot. Features: 9 bedrooms, 15 bathrooms. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $2,400,000.

Over 668 listings were sold over their listed price in August 2024 in Los Angeles, CA. In the same period over 728 listings were sold below the listed price and 213 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 7.2% between July 2024 and August 2024. In August 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $1,013,623.

From Rocket Homes Real Estate and based on county public records data.

More Resources