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Courtney Pickard, Joe Reichling & Todd Bachenheimer Sell The O'Neill Duplex For $2.5M

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SOLD
$2,500,000

California

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MultiFamily2,169 SF
Sold 05/31/2024
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Property Image
SOLD

Courtney Pickard, Joe Reichling & Todd Bachenheimer Sell The O'Neill Duplex For $2.5M

2342 Cove Avenue

See Similar Deals
MultiFamily2,169 SF
Sold 05/31/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,152
Total Square Footage:2,169 SF
Transaction Type:Sale

2342 Cove Avenue, a historic cultural monument known as The O'Neill Duplex No. 1 by architect Rodney Walker in Silver Lake, Los Angeles, has been sold for $2,500,000. The property features a side-by-side duplex with flexible floorplans, each unit offering 2 bedrooms and 2 bathrooms. The mid-century architectural features and stunning views of the Silver Lake Reservoir, Hollywood sign, and Griffith Observatory add to its allure.

Summary of transaction details:

The brokers involved in facilitating the sale of 2342 Cove Avenue were Courtney Pickard, Joe Reichling, and Todd Bachenheimer of Compass. The property's rich history as a cultural monument and its architectural significance in Silver Lake make it a highly sought-after piece of real estate in the area.

Players

Joe Reichling
5 deals$19.9M volume
BROKER

Courtney Pickard
Compass
2 deals$6.1M volume(719) 248-4825
BROKER

Todd Bachenheimer
Compass
1 deal$2.5M volume(213) 445-7911
BROKER

Details

SOLD
IMAGE: Courtney Pickard, Joe Reichling & Todd Bachenheimer DATE: 05/31/2024 ADDRESS: 2342 Cove Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Courtney Pickard, Joe Reichling (@JoeReichling) & Todd Bachenheimer (@Gimmeshelter.la) - Compass (@Compass) SALE PRICE: $2,500,000 SF: 2,169 ~ PPSF: $1,153 NOTE: 2342 Cove Avenue, a historic cultural monument known as The O'Neill Duplex No. 1 by architect Rodney Walker in Silver Lake, Los Angeles, has been sold for $2,500,000, facilitated by brokers Courtney Pickard, Joe Reichling, and Todd Bachenheimer of Compass. Originally built in 1953, this side-by-side duplex offers flexible floorplans with 2 bedrooms and 2 bathrooms each, showcasing mid-century architectural features and breathtaking views of the Silver Lake Reservoir, Hollywood sign, and Griffith Observatory, making it a coveted piece of Silver Lake's architectural heritage.

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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