422 Parkman, Los Angeles, CA 90026
Local realty services provided by:CENTURY 21 Coastal Properties
422 Parkman,Los Angeles, CA 90026
$1,550,000
- - Beds
- - Baths
- 2,548 sq. ft.
- Multi-family
- Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.
MLS#:SB26058411
Source:CRMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$608.32
About this home
Situated on a quiet cul-de-sac in Silver Lake, 422 Parkman Ave presents a well-located duplex opportunity in one of Los Angeles’ most sought-after rental markets. The property consists of two spacious 3-bedroom / 2-bath units totaling approximately 2,548 square feet of rentable space on a 5,459 square foot lot.
The upstairs unit has been newly renovated, creating an excellent opportunity for an owner-user to occupy one unit while generating income from the other. The unit features high ceilings, abundant natural light, and in-unit laundry, providing a comfortable and functional living environment. The lower unit provides stable in-place income with additional rental upside over time.
The property includes a rear parking area with multiple spaces, offering convenient off-street parking for tenants. With strong existing income and the potential to capture market rents, the property presents both immediate cash flow and long-term value growth.
Currently offering a 4.60% CAP rate and 14.88 GRM on current income, with a projected 5.59% market CAP and 12.92 market GRM, 422 Parkman Ave represents an attractive investment opportunity in a high-demand Silver Lake submarket known for its strong renter demand and proximity to major employment centers throughout Los Angeles....
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Home facts
- Year built:1996
- Listing ID #:SB26058411
- Added:1 day(s) ago
- Updated:March 20, 2026 at 10:34 AM
Rooms and interior
- Living area:2,548 sq. ft.
Structure and exterior
- Year built:1996
- Building area:2,548 sq. ft.
- Lot area:0.13 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$608.32
Features and amenities
- Laundry features:Inside
Parking
- Parking description:On Site
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