Located in the heart of Silver Lake, this well-maintained 1941 fourplex presents a rare investment opportunity in one of Los Angeles' most desirable neighborhoods. Fully tenant-occupied with strong in-place rental income, excellent rental demand, and within close proximity to some of Silver Lake's most popular destinations, the property offers immediate cash flow with long-term upside. Spanning approximately 3,751 square feet across four units, the building comprises two 3-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units, all housed within a stately two-story structure. Set atop four street-level garages, a secure entry gate and front staircase lead to the exterior entrances of all four units. Units 947 and 949 are located on the main level, while Units 947 1/2 and 949 1/2 are located on the upper level. Each lower unit features three bedrooms, two bathrooms, and a living room with a bay window. Each upper unit offers two bedrooms, one bathroom, and a comfortable, light-filled living room. All units include separate rear entrances with access to the shared patio and garden. This fully tenant-occupied property presents a compelling investment opportunity in a highly sought-after neighborhood, set moments from Silver Lake's best commercial offerings. Current gross rental income is approximately $12,441 per month, with projected market rents of approximately $13,290 per month ($159,480 annually), offering additional upside potential. Each unit is separately metered for gas and electricity, while the housing provider pays for water and trash. Additional amenities include a shared outdoor coin-operated laundry area and four individual one-car garages. Ideally located and highly desired by tenants and owner-users alike, the property sits in the heart of Silver Lake, a short distance to Sunset Junction, Erewhon Market, Intelligentsia Coffee, Pine & Crane, and the Silver Lake Farmers Market. Residents also enjoy convenient access to Los Feliz, Echo Park, Downtown Los Angeles, and major commuter routes. Whether maintained as a long-term investment or repositioned over time, 947-949 N. Vendome Street offers stable income, rental upside, and an exceptional location in one of Los Angeles' strongest rental markets.

Listing courtesy of Lori Harris of Keller Williams Realty Los Feliz

Based on information from the The MLS as of 2026-09-10 08:42 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.