3456 Plata St - Multi-Family FOR SALE


Los Angeles, CA 90026
$1,175,000 USD
310-940-8749
3456 Plata St, Los Angeles, CA for Sale
$1,175,000 USD
Multi-Family - FOR SALE
1/15
null | 3.93% Cap Rate

3456 Plata St
Los Angeles, CA 90026


HIGHLIGHTS

  • 3456 Plata is the lowest priced fourplex in 90026
  • 0.5 miles from Vigil Ave - home to a flourishing food scene and famous boutiques breathing new life into the community
  • 1.0 mile south of Sunset Blvd and the Silver Lake and Echo Park neighborhoods
  • Built in 1925, this bungalow-style complex features (1) 2-bdrm. unit, (1) VACANT 1-bdrm. unit, and (2) studio units
  • Value-add opportunity with approx. 59% rental upside, at projected market rents, the property will stabilize at a 7.28% CAP and 10.51 GRM

OVERVIEW

*** 3456 Plata is the lowest priced fourplex in 90026 *** Located 0.5 miles from Vigil Ave, 3456 Plata is a bungalow-style fourplex located minutes from one of LA's "coolest" streets. This culturally rich neighborhood is home to a flourishing food scene and famous boutiques breathing new life into the community. Notable establishments along Virgil Ave include Sqirl, Melody, Courage Bagels, Bolita, Voodoo Vin, and Kin Kan's. In addition, 3456 Plata is located 1.0 mile south of Sunset Blvd and the Silver Lake neighborhood. Built in 1925, this value-add opportunity features (1) 2-bdrm. unit, (1) VACANT 1-bdrm. unit, and (2) studio units that offer approx. 59% rental upside. At projected market rents, the property will stabilize at a 7.28% CAP and 10.51 GRM. Each unit features wood flooring and plenty of large windows that allow abundant natural light. Please note, the two-bdrm. unit features a private back patio that serves as a perfect entertainment/dining space. Property amenities include approx. 3 parking spaces and community laundry.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$773 USD /SF

# OF UNITS

4

PRICE/UNIT

$293,750

CAP RATE

3.93%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowest Priced 90026 4Plex | 59% Rental Upside

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,757 SF

ZONING

LAR2

APN/PARCEL ID

5401-011-005

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-940-8749

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Kenny StevensCompassMore Info
310-940-8749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.