Built in 1924, 957 Vendome Street is a unique investment opportunity on one of Silver Lake's best streets. The asset boasts eight (8) large, spacious units at +/- 1,100 SF each) and an excellent unit composition. All Two & Three Bedroom Units. Three of the eight units have seen top-to-bottom… Read More remodels, featuring reimagined living rooms and kitchens, new flooring, modern lighting, updated kitchens and bathrooms, in-unit washers/dryers, and new stainless-steel appliances. Opportunity to nearly double (2X) existing rents. Steps from the iconic Silver Lake Blvd, 957 Vendome Street provides easy access to many of the hippest dining and shopping destinations that make Silver Lake so famous. There is a significant affordability gap in homeownership in the Silver Lake sub-market. As the median home price in the 90026 Zip Code is approximately $1,314,833, a typical monthly mortgage payment is 1.5-2 times the average renovated rent at 957 Vendome Street. Read Less
Property listed by KW Commercial Studio City, Nick Astrupgaard 310-259-7556
Listing Snapshot
Days Online
5
Last Updated
Beds
21
Square Ft.
8,588
Lot Size
0.17 Acres
Year Built
1924
MLS Number
26791355
Additional Details
Building
Built in 1924, Living area: 8588.0, 1 building, 8 stories, Levels: Two
Income
Gross Income: $188,957, Net Operating Income: $132,877
Lot
0.1688 acres
Parking
OnStreet
Taxes
Parcel Number: 5426016011, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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