$2,875,000
743 Occidental Boulevard, Los Angeles 90026
10
Beds
7
Baths
4,058
Square feet
7,102
Lot Size
5
# Of Units
Listing Agent
Adam Zunder - Iconic InvestmentsLas 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.
Facts & Features
MLS® # | 24384553 |
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Price | $2,875,000 |
Bedrooms | 10 |
Bathrooms | 7.00 |
Square Footage | 4,058 |
Lot Size | 7,102 |
Year Built | 1922 |
Type | Residential Income |
Status | Active |
# Of Units | 5 |
Community Information
Address | 743 Occidental Boulevard |
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Area | C21 - Silver Lake - Echo Park |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90026 |
Amenities
Parking Spaces | 5 |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Furnace |
---|---|
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Multi/Split |
Additional Information
Date Listed | April 25th, 2024 |
---|---|
Days on Market | 10 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Adam Zunder |
---|---|
Office | Iconic Investments |