A rare opportunity to own a FULLY VACANT charming storybook duplex in one of Silver Lake's most desirable neighborhoods at an exceptional value. Priced at approximately $556 per square foot, this is one of the lowest-priced duplex opportunities in the area, offering an outstanding combination of character, income potential, and long-term upside. Located on a picturesque tree-lined street near Sunset Junction, Echo Park, and some of the neighborhood's best restaurants, cafes, and boutiques, this versatile property is ideal for both owner-users and investors. The front residence, delivered vacant, is an approximately 1,650-square-foot home featuring 3 bedrooms and 3 bathrooms. Filled with natural light, it offers soaring vaulted ceilings, a cozy fireplace, a beautifully updated kitchen, and a warm, inviting floor plan that lives like a single-family home. The rear residence is an approximately 680-square-foot, 2-bedroom, 1-bath unit that can provide immediate rental income. Set on a generous, gently sloping lot with abundant outdoor space, the property also offers exciting potential for expansion, ADUs, or other value-add opportunities (buyer to verify). Private outdoor areas for both residences further enhance the appeal and livability of the property. Whether you're looking to live in one unit while offsetting your mortgage with rental income, add a character duplex to your investment portfolio, or capitalize on the property's future development potential, 720 N. La Fayette Park Place delivers exceptional value in one of Los Angeles' most sought-after neighborhoods.
Silver Lake, located between Los Feliz and Echo Park, is a hillside and lakeside Los Angeles neighborhood with a reservoir centerpiece and a street-art edge. Sunset Junction at Sunset Blvd and Santa Monica Blvd concentrates the neighborhood’s character, with indie boutiques, espresso bars, record bins, and late-night patios in constant motion. The Silver Lake Reservoir loop sets a daily rhythm for walkers and runners, framed by palms and big sky views. Mid-century moderns and Spanish Revival homes climb the slopes above stair streets and pocket gardens. The Satellite and the Silver Lake Lounge anchor the live-music calendar, while the Silver Lake Farmers Market keeps weekends grounded in local ritual.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Attached property (shared wall)
Shed on the property
Bedrooms
One 3-bedroom unit
One 2-bedroom unit
Bathrooms
Unit with 2 bathrooms
Unit with 1 bathroom
Kitchen
Range/Oven
Microwave
Refrigerator
Dishwasher
Laundry & utility
Washer
Dryer
Flooring
Tile floors
Wood floors
Heating & cooling
Central heating
Wall heating
Central cooling
Wall unit cooling
Exterior features
Lot includes landscaping and yard space
Zoned LAR2
Home design
Residential income duplex
Two-level building
Attached structure
Parking
Driveway
Total of 4 parking spaces
Construction
Shed (secondary structure)
Utilities
Standard municipal utilities (water, sewer, power)
HOA & community
Two units in the complex
Financial info
Gross operating income: $92,376
Net operating income: $66,851
Total annual expenses: $25,525
Cap rate: 3.6%
Gross rent multiplier: 20.02
Reported vacancy rate: 50%
Unit 1 rent: $6,000 (projected $6,000)
Unit 2 rent: $2,500 (projected $2,500)
Other
One building on the lot
Electricity and solar
View estimated energy costs and solar savings for this home
New on the market, in the prime Silver Lake area. Only 10 minutes from Downtown Los Angeles, lies these gorgeous 2 units. The units have been completely remodeled. Main house features total 3 bedrooms & 3 bathrooms. .. .. 2 bedrooms, 2 bathrooms on upper level and master bedroom with master bathroom downstairs. Kitchen has brand new Maple cabinets and Cort counter top, Bar area and breakfast nook. Dining room area and living room plus a den with cozy fireplace and laminated wood flooring through out the home. Laundry room inside for full size stack able washer and dryer. New interior and exterior paint, new baseboards. windows and fixtures. Spacious private front yard with patio area perfect for entertainment. Unit 2 features 2 bedrooms 1 bath with kitchen living room and its own private yard and outside laundry hook in ups/storage room. It is in move in condition. The roof is only 1 year old. Great neighborhood centrally located close to Hollywood, downtown L. A. , USC, Staple center and Mid-Wilshire. Please note that storage shed is included, Viking appliances are not included in the sale of home, but seller willing to negotiate if the buyer like to keep them.
CRMLS #CV12150832
Dec 17, 2012
Listing Removed
—
Dec 13, 2012
Listed
$775,000
$333/sq ft
TheMLS #05-040541
Dec 21, 2005
Delisted
—
Jun 20, 2005
Listed
*
CRMLS #P456068
Dec 21, 2005
Listing Removed
—
Jun 20, 2005
Listed
$950,000
$408/sq ft
Public Records
May 1, 2003
Sold
$445,000
$191/sq ft
Public Records
Oct 30, 2001
Sold
$193,000
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,250 (+1.1%)
$699,446 + $299,230
$998,676
2024
$12,112 (+2.0%)
$699,446 + $299,230
$998,676
2023
$11,878 (+4.9%)
$685,732 + $293,363
$979,095
2022
$11,327 (+2.0%)
$672,287 + $287,611
$959,898
2021
$11,101 (−1.0%)
$659,105 + $281,972
$941,077
2020
$11,212 (+4.1%)
$646,182 + $276,444
$922,626
2019
$10,768 (+0.6%)
$639,557 + $273,610
$913,167
2018
$10,702 (+2.2%)
$627,017 + $268,246
$895,263
2017
$10,467 (+2.4%)
$602,670 + $257,831
$860,501
2016
$10,220 (+1.5%)
$602,670 + $257,831
$860,501
2015
$10,070 (−0.4%)
$590,853 + $252,776
$843,629
2014
$10,108 (+51.2%)
$570,578 + $244,103
$814,681
2012
$6,685 (+3.1%)
$423,409 + $99,967
$523,376
2011
$6,483 (−0.6%)
$415,107 + $98,007
$513,114
2010
$6,525 (+3.7%)
$406,968 + $96,086
$503,054
2009
$6,291 (+4.4%)
$403,927 + $95,368
$499,295
2008
$6,023
$404,887 + $95,595
$500,482
Public record
Public record
Permits
Beds
5
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
6,919 Sq. Ft.
Year renovated
1955
Finished Sq. Ft.
2,329
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,329
Year built
1930
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
5402004011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 2026.
Mar 16, 2022 • Final
Plumbing
Replace the water heater.
Plumbing
Water heater
Nov 11, 2016 • Final
Plumbing
Replace a dishwasher in a residential building.
Kitchen
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
reliable, high-value wealth growth in this iconic City.