234 South Vendome Street

Sitting at the intersection of the Eastside's most desirable neighborhoods between Silver Lake and Virgil Village in newly-minted hotspot Rampart Village is this very rare income producing Victorian style triplex that offers a myriad of options from owner-occupying to holding for investment or future redevelopment courtesy of its highly coveted LARD 1.5 zoning and 2-car garage with ADU potential. Nestled among a verdant and private front yard, the property has the most valuable configuration for investors: a detached, move-in ready 3 bedroom/3 bathroom home in the front, complemented by a duplex at the rear. 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, baths, central AC and a new roof installed in 2023. With the duplex currently rented at $4413/month and market rent for the vacant front house at $4500/month, the entire mortgage would be covered with over $1700/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. Centrally located to all the Eastside's most desirable gems of Echo Park, Silver Lake, Los Feliz and 8 minutes to world class destinations in DTLA like The Broad, Walt Disney Concert Hall and walking distance to some of the trendiest shops and eateries, this is a rare find not to be missed.