Property Detail

Description

Located 0.5 miles from Vigil Ave, 3456 Plata is a four-unit bungalow-style complex minutes from one of LA's "coolest" streets. This culturally rich neighborhood is home to a flourishing food scene and famous boutique 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, the property is located 1.0 mile south of Sunset Blvd and the Silver Lake neighborhood. 3456 Plata features (1) 2-bdrm. unit, (1) 1-bdrm. unit, and (2) studio units that offer approx. 73% rental upside. 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. At projected market rents, the property will stabilize at a 7.10% CAP and 10.73 GRM.