234 S Vendome St$1,369,000For Sale

Incredible investment opportunity in trendy Rampart Village (just south of Silver Lake), consisting of two structures: a large, vacant 4 bed, 2 bath front home and rear duplex (currently collecting $4,196 total rents). The light-filled, Victorian-inspired front home sits back and up from the street, behind its own private gate, and features hardwood floors and historic details throughout. An updated kitchen with brand new appliances features a bar opening onto the living room. The rear master bedroom of this main home includes an ensuite bathroom. Outside, you will find a large front yard with mature landscaping and abundant fruit trees. A separate gate and private path leads to the duplex at the back of the property (which is also accessible from the alley at the back of the property). The duplex is composed of an upper 4 bed, 2 bath upstairs unit (rented for $2750) and a lower 2 bed, 1 bath unit (rented for $1446). Adjacent to the lower units sits two, separate, single-car garages opening onto alley (ADU potential - buyer to investigate). This 10 bed, 5 bath property is ideal for the owner-user looking to occupy a large, stand-alone home and collect substantial mortgage-helping rent, or for the investor looking to rent the front house for up to $4000/mo additional rent. The rear alley and RD1.5 zoning also makes this a potential redevelopment opportunity! Both rear tenants are rent-controlled, month-to-month, and are current on rent. This central and vibrant neighborhood borders Silver Lake and Koreatown, and offers one of LA's most convenient locations, just minutes to DTLA, Hollywood, Griffith Park, and multiple freeways. Don't miss out on this incredible opportunity!