We are pleased to present an eleven (11) unit apartment building located at 858 N La Fayette Park Place in Los Angeles, California. The subject property is situated in a prime Silver Lake Location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1915, this property contains a solid unit mix of two (2) bachelor / one bathroom units, seven (7) studio / one bathroom units, and two (2) one bedroom / one bathroom units. Roof, electrical, and stairs were updated during the current ownership. The units feature wood flooring, kitchen appliances, HVAC split systems, closets, and balcony space. The subject property is located right off of Sunset Boulevard, where residents can enjoy trendy and walkable amenities. Some of these amenities include Foresta Boutique, Pilates Punx, Freedman's, Elio's Wood Fire Pizza, Cuscatleca Bakery, Epitaph Records, Silver Lake Ramen, and La Pergoletta on Sunset. The famous Silver Lake Flea market is also within walking distance, less than one (1) mile east of the subject property. There is a quaint but lovely pocket park, Laurel and Hardy Park, less than a mile away as well where tenants can relax. This is truly a central location in Silver Lake, 0.9 miles from Sunset Junction, 1.6 miles from Echo Park Lake, and 3.5 miles from Downtown with easy access to the -101 and -110 freeways. Tenants will also have access to the on-site laundry facilities and eight (8) on-site parking spaces. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with a unique building right off of Sunset Boulevard.
