706 N Occidental Boulevard, Los Angeles, California 90026, Los Angeles, 90026 - 4 bed, 3 bath
ACTIVE$2,190,000
706 N Occidental Boulevard, Los Angeles, California 90026
4Beds
3Baths
2,754Sqft
6,920Lot
Price Vs. Estimate
The estimated value ($2,224,329.145) is $34,329.145 (1%) lower than the list price ($2,190,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Top Cons:
Aggressive Price Appreciation: The current list price of $2.19M reflects a substantial increase from its last sale price of $1.4M in May 2024, which may lead to buyer scrutiny regarding its current market valuation.
Compared to the nearby listings
Price:$2.19M vs avg $1.55M (+$635,000)84%
Size:2,754 sqft vs avg 1,621.5 sqft87%
Price/sqft:$795 vs avg $99128%
More Insights
Built in 1909 (116 years old).
Condition: Despite being built in 1909, the property has undergone a beautiful and extensive modern renovation, as evidenced by the description and images. The kitchen features high-end, professional-grade appliances, custom wood cabinetry, and luxurious marble countertops and backsplash, all in a contemporary style. The bathrooms are equally updated with modern floating vanities, gold-tone fixtures, and stylish tiling. The detached ADU was built in 2020, making it virtually new. All visible components, including flooring, light fixtures, and finishes, appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1909
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$795
HOA
-
Days on market
-
Sold On
-
MLS number
RS25252772
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Introducing a rare opportunity in the heart of Silver Lake—this beautifully remodeled 1909 Craftsman-style home seamlessly blends historic charm with modern upgrades. Offering approximately 2,062 sq ft of living space, this two-story residence features 4 spacious bedrooms, 3 updated bathrooms with marble finishes, a full covered front porch, and exquisite real wood built-ins with marble countertops. The home also includes a unique attic and basement, adding character and versatility. Complementing the main residence is a detached 1-bedroom, 1-bath ADU built in 2020 (692 sqft)—perfect for additional rental income or extended family living. Situated on an RD1.5-zoned lot, this property offers outstanding potential for future development. Enjoy stunning downtown skyline views, walkability to Sunset Blvd’s trendy cafes and restaurants, and quick freeway access. Whether you're looking for a forever home, income-producing property, or a prime development opportunity, this Echo Park gem delivers unmatched potential in one of L.A.’s most sought-after neighborhoods.
Nearby schools
2/10
Mayberry Street Elementary School
Public,•K-6•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.7mi
/10
Lake Street Primary School
Public,•K-1•0.8mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.8mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.9mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.0mi
8/10
Clifford Street Elementary School
Public,•K-6•1.2mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.3mi
8/10
Franklin Avenue Elementary School
Public,•K-6•2.0mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•2.0mi
8/10
Allesandro Elementary School
Public,•K-6•2.1mi
9/10
Ivanhoe Elementary School
Public,•K-5•2.1mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.2mi
6/10
Irving STEAM Magnet
Public,•6-8•3.3mi
3/10
Belmont Senior High School
Public,•9-12•1.4mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
05/31/24
Sold
$1,400,000
Condition Rating
Excellent
Despite being built in 1909, the property has undergone a beautiful and extensive modern renovation, as evidenced by the description and images. The kitchen features high-end, professional-grade appliances, custom wood cabinetry, and luxurious marble countertops and backsplash, all in a contemporary style. The bathrooms are equally updated with modern floating vanities, gold-tone fixtures, and stylish tiling. The detached ADU was built in 2020, making it virtually new. All visible components, including flooring, light fixtures, and finishes, appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Historic Charm & Modern Upgrades: The main residence is a beautifully remodeled 1909 Craftsman-style home, seamlessly blending historic character with modern upgrades and high-end finishes like marble and real wood built-ins.
Income-Generating ADU: A detached, recently built (2020) 1-bedroom, 1-bath ADU offers significant potential for rental income or flexible living arrangements for extended family.
Development Potential: Situated on an RD1.5-zoned lot, the property offers outstanding potential for future development, enhancing its long-term investment value.
Prime Location & Walkability: Located in the heart of Silver Lake/Echo Park, the property boasts excellent walkability to trendy cafes and restaurants on Sunset Blvd, coupled with quick freeway access.
Stunning Downtown Views: The property features stunning downtown skyline views, a highly sought-after amenity in the Los Angeles real estate market.
Cons
Aggressive Price Appreciation: The current list price of $2.19M reflects a substantial increase from its last sale price of $1.4M in May 2024, which may lead to buyer scrutiny regarding its current market valuation.
Age of Main Structure: Despite modern remodels, the main home's 1909 construction may present ongoing maintenance considerations for underlying older systems or structural components.
Potential for Urban Noise: While offering excellent walkability and freeway access, the prime urban location near Sunset Blvd and freeways could expose the property to higher levels of traffic and city noise.