656 Parkman Avenue

Los Angeles, CA 90026

$2,195,000
Price
5
Beds
4
Baths
3,065 Sq. Ft.
$716 / Sq. Ft.
3,065
Sq. Ft.
$716
per Sq. Ft.

Open: 12/15 02:00PM - 05:00PM

Virtual Tour

Open: 12/15 02:00PM - 05:00PM

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Description

If ever there was a multi-family property that screamed "Classic Silver Lake" this one is it. It has so many features that will attract that renter who wants to live in Silver Lake, as follows:First, it is located on a really great street that is filled with other properties - single family as well as multi-family - that are all just as cool as this one. While being set in a very serene location, it is, at the same time, walking distance to all the shops and restaurants on Sunset Blvd, including...If ever there was a multi-family property that screamed "Classic Silver Lake" this one is it. It has so many features that will attract that renter who wants to live in Silver Lake, as follows:First, it is located on a really great street that is filled with other properties - single family as well as multi-family - that are all just as cool as this one. While being set in a very serene location, it is, at the same time, walking distance to all the shops and restaurants on Sunset Blvd, including "All Day Baby," "Millies," "Bacari Silver Lake," and many others. It is also a mile away from the Silver Lake Reservoir with all of its restaurants (L and E Oyster Bar, Le Mille Coffee Shop), running trail, picnic area and dog park. It is also a 2 minute drive to the 101 Fwy, which easily gets you to downtown as well as the studios, Hollywood and the West Side. Then, there is the property itself... Each unit is oozing with charm and character, and lots of space and lots of light, original hardwood floors throughout, as well as spectacular views to the west. The bottom unit is 2 bed 2 bath, 1200 sq ft, with a bonus room in the basement that is currently acting as a third bedroom. The primary bedroom is huge, with a very large closet and ensuite bathroom. As great as the bottom unit is, many feel that the top unit is even more desirable. Firstly, it is only unit that has central heat and air. It has tons of light, a bay window that looks out to the west and shows the Santa Monica hills and some of the best sunsets that exist anywhere. It is also 2 bed and 1 bath 1200 sq ft, and also features a very large amount of closet space. And, as you can see in the photos, it has a great deck that looks out over a sprawling back yard. This has been the owner's unit for 22 years but, frankly, either unit would serve wonderfully as the owner's unit. Also, importantly, there are no phone lines and no power lines across or over the property, which is very rare. Plumbing and electrical are performing very well throughout the property, though could certainly stand some updating. But the foundation was just upgraded and retrofitted last year and is in excellent shape. Same with roof back in 2019. Also, it is a street-to-alley lot which has 3 car parking in the rear which is accessed through the alley. Also, street parking on Parkman is excellent day and night. The property is gated and secure. The list of pluses goes on and on. It also has a non-conforming modest detached 1 bedroom unit in the rear which one can easily (and inexpensively) get approved as an ADU if they are so inclined, though the current owner has never felt the need to do so. The top unit and the small unit in the rear will be delivered vacant. The bottom unit will also be vacated by the end of Feb '25, so a new owner can get market rents, which will be quite high, in all three units.
  1. Listed by Ken Shapiro • DRE #01715663 • Brokerage DRE #01715663 • Silverwood Properties

Property Details for 656 Parkman Avenue

Zoning
LARD1.5
Parcel Number
5401026013
Total Units
3.0
Living Area
3065
Source Living Area
Owner
Area
Silver Lake (671)
Vacancy Rate
100
Lot Size Area
7102

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Sunday, Dec 15th

2:00 PM - 5:00 PM

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LISTING UPDATED: 12/09/2024 09:36 AM

Property Details for 656 Parkman Avenue

StatusActive
MLS #24-466915
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.16 AC / 7,102 SF
CountyLos Angeles County

Virtual Tour

Building Information for 656 Parkman Avenue

Stories2Residences-Year Built1904Building Size-Lot Size0.16 AC / 7,102 SF

Property Information for 656 Parkman Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: detached
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $146,400
  • Net Operating Income: $102,480.00
  • Gross Income: $146,400
  • Gross Rent Multiplier: $14.99
  • Total Annual Expense: 43920
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.163
  • Lot Size Square Feet: 7102
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s), Central Air
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 11-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $36,817.00
  • Assessed Improvement Percent: 14.63
  • Assessed Land Value: $214,854.00
  • Assessed Land Percent: 85.37
  • Assessed Total Value: $251,671.00

Property History for 656 Parkman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 656 Parkman Avenue

Taxable ValueLand$219,151Additions$37,553Total$256,704
Tax Record2024$3,411 ($284 / month)
Home Facts
Total Finished SqFt2,711 SqFtAbove Grade Finished SqFt2,711 SqFtLot Size7,100 SqFtStyleDuplexYear Built1904ZoningLARD1.5CountyLOS ANGELESAPN5401-026-013

Schools near 656 Parkman Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Micheltorena Street Elementary School
Public - K to 5
Virgil Middle School
Public - 6 to 8
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Miguel Contreras Learning Complex School
Public - 9 to 12
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Contreras Learning Center-School Of Social Justice
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 656 Parkman Avenue, Los Angeles, CA 90026

656 Parkman Avenue is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on November 25, 2024 by Silverwood Properties, it's currently listed at $2,195,000. It has been on the market for a total of 16 days and was last sold on March 6, 1998. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 656 Parkman Avenue is a 5-bed, 4-bath, 3,065 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.