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Property Description

Las 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.

Features
: Wall Furnace
2
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Additional Information
Iconic Investments
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CLW-C106558
CLW-X80599
Adam
5401027010
: Standard
Multi/Split
32

Multi-Family For Sale

743 Occidental Boulevard, Los Angeles, California 90026

4,058 Sqft
$2,875,000
Listing ID #24384553
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24384553
Price : $2,875,000
Living Area : 4,058 Sqft
Lot Size : 7,102 Sqft
Year Built : 1922
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90026
Price Per Square Foot : $708
ModificationTimestamp : 2024-05-03 05:19:44
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