Multifamily

355 Parkman Ave

355 Parkman Ave, Los Angeles, CA 90026

Listing Price: $2,780,000

Cap Rate
4.21%
Number of Units
15
GRM
14.47
Occupancy
97.00%
Price/Unit
$185,333
Price/Gross SF
$399.43
Gross SF
6,960

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a 15-unit apartment building at 355 Parkman Avenue located in Historic Filipinotown and adjacent to Silver Lake in the heart of Los Angeles. This property offers a streamlined unit mix consisting of 15, one-bedroom/one-bath units covering 6,960-square feet of rentable space. The subject two-story property has large windows, and assigned parking for each unit. Close to the rapidly gentrifying Silver Lake neighborhood and with current rents below the market standard, an investor has the ability to capitalize on this unique opportunity to create value.

This location boasts nearly unparalleled proximity to the 101 and the many attractions of the area. With Echo Park Lake, Silver Lakes Sunset Junction, and Dodgers Stadium only miles away, this centrally positioned apartment building provides easy access to the 101, making commutes easier for the residents. Blocks away lies the beautiful neighborhood of Silver Lake, which provides public parks like the Silver Lake Reservoir and public events like the Silver Lake Farmers Market, as well as plenty of restaurants and bars catering to young professionals who long to live within close proximity to Downtown Los Angeles and the surrounding neighborhoods.

Investment Highlights

  • Streamlined Mix of 15 One-Bedroom Units
  • Immediate Access to 101 Freeway and Downtown LA
  • Proximity to Silver Lake Neighborhood

Exclusively Listed By

Listing Price: $2,780,000

Cap Rate
4.21%
Number of Units
15
GRM
14.47
Occupancy
97.00%
Price/Unit
$185,333
Price/Gross SF
$399.43
Gross SF
6,960

Investment Highlights

  • Streamlined Mix of 15 One-Bedroom Units
  • Immediate Access to 101 Freeway and Downtown LA
  • Proximity to Silver Lake Neighborhood

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a 15-unit apartment building at 355 Parkman Avenue located in Historic Filipinotown and adjacent to Silver Lake in the heart of Los Angeles. This property offers a streamlined unit mix consisting of 15, one-bedroom/one-bath units covering 6,960-square feet of rentable space. The subject two-story property has large windows, and assigned parking for each unit. Close to the rapidly gentrifying Silver Lake neighborhood and with current rents below the market standard, an investor has the ability to capitalize on this unique opportunity to create value.

This location boasts nearly unparalleled proximity to the 101 and the many attractions of the area. With Echo Park Lake, Silver Lakes Sunset Junction, and Dodgers Stadium only miles away, this centrally positioned apartment building provides easy access to the 101, making commutes easier for the residents. Blocks away lies the beautiful neighborhood of Silver Lake, which provides public parks like the Silver Lake Reservoir and public events like the Silver Lake Farmers Market, as well as plenty of restaurants and bars catering to young professionals who long to live within close proximity to Downtown Los Angeles and the surrounding neighborhoods.

Exclusively Listed By

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