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    355 Parkman Ave

    Los Angeles, CA 90026
    • $2,780,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 20-591502
    UPDATED: 38 min ago
    $2,780,000
    • 15
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,960
      SQFT
    • $399
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are pleased to present the exclusive listing of a fifteen-unit apartment building at 355 Parkman Ave located in Historic Filipinotown and adjacent to Silver Lake in the heart of Los Angeles. This property offers a streamlined unit mix of 1-bedroom 1-bathrooms covering 6,960 square feet of rentable space. The two story property has large windows and assigned parking for each unit. Close to the rapidly gentrifying Silver Lake neighborhood and with current rents below the market standard, an investor has the ability to capitalize on this unique opportunity to create value. This location boasts nearly unparalleled proximity to the 101, making commutes easier for residents and providing easy access to many attractions of the area with Echo Park Lake, Silver Lake's Sunset Junction, and Dodgers Stadium only miles away.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T18:42:22.383. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107541679
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    355 Parkman Ave Los Angeles, CA 90026

    • Price: $2,780,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20-591502
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    6,960
    SQFT
    $399
    $/SQFT
    1959
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    We are pleased to present the exclusive listing of a fifteen-unit apartment building at 355 Parkman Ave located in Historic Filipinotown and adjacent to Silver Lake in the heart of Los Angeles. This property offers a streamlined unit mix of 1-bedroom 1-bathrooms covering 6,960 square feet of rentable space. The two story property has large windows and assigned parking for each unit. Close to the rapidly gentrifying Silver Lake neighborhood and with current rents below the market standard, an investor has the ability to capitalize on this unique opportunity to create value. This location boasts nearly unparalleled proximity to the 101, making commutes easier for residents and providing easy access to many attractions of the area with Echo Park Lake, Silver Lake's Sunset Junction, and Dodgers Stadium only miles away.
    Exterior Features

    Levels Two Lot Size Area 11884 Other Structures None Parking Garage Assigned Style Traditional Total Parking 15

    Interior Features

    Baths Total 15.00 Cooling Air Conditioning Equipment DryerWasherRefrigeratorRange/Oven Flooring CarpetTile Heating Central

    Property Features

    Gross Income 195612 Gross Operating Income 195612 Like Units1 15 Net Operating Income 124586.00 Number Of Buildings 1 Number Of Units 15 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Other Total Annual Expense 71025 Type Of Units 1+1 Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Joshua Ross DRE#01918715 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T18:42:22.383. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355