947 N Vendome St, Los Angeles, CA 90026
947 N Vendome St, Los Angeles, CA 90026
947 N Vendome St, Los Angeles, CA 90026
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$1,799,000
Est. payment /mo
10 Beds
6 Baths
3,751 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,751 sqft

Price per Sqft $479

MLS Listing ID 26863985

Bedrooms 10

Year Built 1941

Lot Size 6,513 Sqft

Acres 0.1495

Property Sub-Type Multi-Family

Property Description

Located in the heart of Silver Lake, this well-maintained 1941 fourplex presents a rare investment opportunity in one of Los Angeles' most desirable neighborhoods. Fully tenant-occupied with strong in-place rental income, excellent rental demand, and within close proximity to some of Silver Lake's most popular destinations, the property offers immediate cash flow with long-term upside. Spanning approximately 3,751 square feet across four units, the building comprises two 3-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units, all housed within a stately two-story structure. Set atop four street-level garages, a secure entry gate and front staircase lead to the exterior entrances of all four units. Units 947 and 949 are located on the main level, while Units 947 1/2 and 949 1/2 are located on the upper level. Each lower unit features three bedrooms, two bathrooms, and a living room with a bay window. Each upper unit offers two bedrooms, one bathroom, and a comfortable, light-filled living room. All units include separate rear entrances with access to the shared patio and garden. This fully tenant-occupied property presents a compelling investment opportunity in a highly sought-after neighborhood, set moments from Silver Lake's best commercial offerings. Current gross rental income is approximately $12,441 per month, with projected market rents of approximately $13,290 per month ($159,480 annually), offering additional upside potential. Each unit is separately metered for gas and electricity, while the housing provider pays for water and trash. Additional amenities include a shared outdoor coin-operated laundry area and four individual one-car garages. Ideally located and highly desired by tenants and owner-users alike, the property sits in the heart of Silver Lake, a short distance to Sunset Junction, Erewhon Market, Intelligentsia Coffee, Pine & Crane, and the Silver Lake Farmers Market. Residents also enjoy convenient access to Los Feliz, Echo Park, Downtown Los Angeles, and major commuter routes. Whether maintained as a long-term investment or repositioned over time, 947-949 N. Vendome Street offers stable income, rental upside, and an exceptional location in one of Los Angeles' strongest rental markets.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Natural Gas, Electric

Cooling Window Unit(s)

Fireplaces Type None

Equipment Dryer, Refrigerator, Range/Oven, Washer

Laundry Laundry Area, Outside

Exterior

Parking Features Garage

Garage Spaces 4.0

Pool None

View Y/N Yes

View City

Building

Story 2

Sewer In Street

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Keller Williams Realty Los Feliz

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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