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$1,550,000

For Sale

10 hours ago

MLS® SB26059484

6 Bed

4 Bath

2548 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2548 sqft
Garage No
Taxes 
Days Active 0
Lot Size 0.1253 acres
Approx. Age 1996
Avg. Price Per Sqft $608
MLS® Number SB26059484

Property Address: 422 Parkman Ave, Los Angeles, CA, 90026-3727

Average square foot calculated using Size range provided by listing agent.

Description

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. It was built in 1996 so it is not subject to LA City Rent Control, it is only subject to AB 1482 statewide rent control. 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.
MLS® NumberSB26059484
Laundry LevelInside
Central VacNo
FireplaceNo
Acreage0.1253
Exterior
GarageNo
Approx. Age1996
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$1,550,000List Price
  • Commute

Commute

Starting Address
Destination Address
422 Parkman Ave, Los Angeles, CA

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