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710 N La Fayette Park Pl, Los Angeles, CA, 90026

$2,688,000

18 Bedrooms
22 Baths
10,038 SqFt
$268/SqFt
House

Location

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1965
MLS #24427533
Lot Size0.22 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 710 N La Fayette Park Pl

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.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2
  • Living Area: 10,038 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 18

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Other

Directions Information:

  • Directions: We are pleased to announce the opportunity to purchase 710 N La Fayette Park Place, a 16-unit multifamily property situated in the highly desirable Silver Lake neighborhood of Los Angeles, CA.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,688,000
  • Price Per SqFt: $268/SqFt
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Housing Market Comparison

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

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

710 N La Fayette Park Pl vs Los Angeles

94 DAYS ON ROCKET

+56 Days

$2,688,000

+$1.6M More

$268/SqFt

-$373 Less

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $373/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: #24427533

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

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: 11/22/2024, 11:20:52 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

$13.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,125

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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.

Nearby Schools

school-card-donut-755403
4
/10
  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.48 miles

  • Public District Grades 2-5

school-card-donut-755404
3
/10
  • Mayberry Street Elementary School

  • 2414 Mayberry St

  • 0.64 miles

  • Public District Grades KG-6

school-card-donut-755405
7
/10
  • Micheltorena Elementary

  • 1511 Micheltorena St

  • 0.76 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,474. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most 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 710 N La Fayette Park Pl

What is the listing price of this property?

The listing price of 710 N La Fayette Park Pl property is $2,688,000.

What type of property is this?

The property 710 N La Fayette Park Pl is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Accepting Backup Offers: 710 N La Fayette Park Pl is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 710 N La Fayette Park Pl has 18 bedrooms and 22 bathrooms.

What is the square footage of this property?

The property 710 N La Fayette Park Pl is 10,038 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 710 N La Fayette Park Pl is 1965.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles90026710 N La Fayette Park Pl

This home is located at 710 N La Fayette Park Pl in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 10,038 square foot home, which was built in 1965, sits on a 0.22 acre lot. Features: 18 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $2,688,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

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

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