Under Contract

234 S Vendome St

Los Angeles CA, 90057

$1,279,000


$437.12 per sqft

Under Contract

9 Beds

2,926 sqft

Residential

Built in 1905

Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in newly-minted hotspot Rampart Village is this very rare income producing Victorian style triplex that offers a myriad of options from owner-occupying to holding for investment or future redevelopment courtesy of its highly coveted LARD 1.5 zoning and 2-car garage with ADU potential. Nestled among a verdant and private front yard, the property has the most valuable configuration for investors: a detached, move-in ready 3 bedroom/3 bathroom home in the front, complemented by a duplex at the rear. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, baths, central AC and a new roof installed in 2023. With the duplex currently rented at $4413/month and market rent for the vacant front house at $4500/month, the entire mortgage would be covered with over $1700/month positive income with just 20% down. Better yet, if living in the main house, an owner-occupant would have the majority of their mortgage covered. Centrally located to all the Eastside's most desirable gems of Echo Park, Silver Lake, Los Feliz and 8 minutes to world class destinations in DTLA like The Broad, Walt Disney Concert Hall and walking distance to some of the trendiest shops and eateries, this is a rare find not to be missed.

24-371351

MLS ID

March 21, 2024

Listed

April 7, 2024

Updated

Map

234 S Vendome St
Los Angeles CA, 90057

Interior Features

Total Stories

2


Bedrooms

9 Beds


Appliances

Built-Ins, Dryer, Range/Oven, Refrigerator, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres


Architectual Style

Victorian

Other Property Details

Area Name

Downtown L.A.


Days on Market

16


Garage

Yes


Parking

Garage - 2 Car


Parking Total

2


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listing History

Date

Event

Price

4/6/2024

Under Contract

Listed by Vanessa Yan with Soulful Abode Los Angeles
Listing Contact: 310-259-4381 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/7/2024

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