Listing provided courtesy of Nick Astrupgaard of KW Commercial Studio City. Last updated 2025-02-21 09:11:34.000000. Listing information © 2024 Sandicor.
Asking Price: $3,250,000 |
957 Vendome, Los Angeles CA 90026
Community: C21 - Silver Lake - Echo Park
This property was built in 1924 and is priced at $3,250,000. Please see the additional details below.
Built in 1924, 957 Vendome Street is a unique and special investment opportunity on one of the best streets in Silver Lake. The asset boasts eight (8) large, spacious units at +/- 1,100 SF each) and an excellent unit composition. All Two & Three Bedroom Units. Three of the Eight units have seen top-to-bottom remodels, featuring reimagined living rooms and kitchens, new flooring, modern lighting, updated kitchens and bathrooms, in-unit washers/dryers, and new stainless-steel appliances. Opportunity to nearly double (2X) existing rents. Steps from the iconic Silver Lake Blvd, 957 Vendome Street provides easy access to many of the hippest dining and shopping destinations that make Silver Lake so famous. There is a significant affordability gap in homeownership in the Silver Lake sub-market. As the median home price in the 90026 Zip Code is approximately $1,215,452, a typical monthly mortgage payment is 1.5 - 2 times more than the average renovated rent at 957 Vendome Street.