3456 Plata Street 3456 Plata Street Los Angeles, California 90026 United States

*** 3456 Plata is the lowest priced fourplex in 90026 *** Located 0.5 miles from Vigil Ave, 3456 Plata is a bungalow-style fourplex located minutes from one of LA's "coolest" streets. This culturally rich neighborhood is home to a flourishing food scene and famous boutiques breathing new life into the community. Notable establishments along Virgil Ave include Sqirl, Melody, Courage Bagels, Bolita, Voodoo Vin, and Kin Kan's. In addition, 3456 Plata is located 1.0 mile south of Sunset Blvd and the Silver Lake neighborhood. Built in 1925, this value-add opportunity features (1) 2-bdrm. unit, (1) VACANT 1-bdrm. unit, and (2) studio units that offer approx. 59% rental upside. At projected market rents, the property will stabilize at a 7.28% CAP and 10.51 GRM. Each unit features wood flooring and plenty of large windows that allow abundant natural light. Please note, the two-bdrm. unit features a private back patio that serves as a perfect entertainment/dining space. Property amenities include approx. 3 parking spaces and community laundry.

Listing Courtesy of Compass