18th Saturday May 2024

JUST LISTED | 234 S. Vendome St., Los Angeles, CA 90057

1905 Victorian Triplex: 234 S. Vendome St., Los Angeles, CA 90057

JUST LISTED | Sitting at the intersection of the Eastside’s most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house.

Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear.

Upgrades to the main house include a brand new roof and central AC. 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, updated baths, paint and flooring.

Even at current rates, the entire mortgage would be covered with over $1500/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. This is a stand out property because it offers a plethora of options, whether looking to reside, hold for investment, or for future redevelopment thanks to its highly coveted LARD 1.5 zoning and additional ADU potential for the 2-car garage.

Centrally located with a WalkScore of 89 and minutes to shops, eateries, Silver Lake, Los Feliz, Echo Park and world class amenities in DTLA, this is an ideally located gem at the center of everything L. A. has to offer.

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