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355 Parkman Ave

$ 2,780,000
355 Parkman Ave, ,
46
Active

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.

  • Streamlined Mix of 15 One-Bedroom Units
  • Immediate Access to 101 Freeway and Downtown LA
  • Proximity to Silver Lake Neighborhood
Address: 355 Parkman Ave
State:
State/County:
Zip: 90026
Country: United States
Property Id : 836
Price: $ 2,780,000
Units: 15
Building Sqft: 6960
Price Per Sqft: 399.43
Price Per Unit: 185333

Eli Appel

First Vice President Investments
818.212.2707
eli.appel@marcusmillichap.com

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