We are pleased to present a five unit multifamily property located at 607 North La Fayette Park Place, in Los Angeles, CA. The subject property has a great location in Silver Lake, just west of North Benton Way and north of Bellevue Avenue. The subject property features a great unit mix of four (4) one bedroom / one bathroom units, and one (1) two bedroom / one bathroom detached home in the back. The property has many amenities that residents will enjoy, such as a lovely curb appeal, a quiet residential neighborhood, ample on-site parking, and a well-maintained stucco exterior. The current rents on the property are almost 50% below market value, making this a true value-add opportunity.Any savvy investor looking for an excellent first time buy, owner/user opportunity, or a bite-sized value-add asset in one of Los Angeles' hottest rental markets, will be able to capitalize on the huge rental upside potential of this property.
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