The story of 738 N Vendome St began with a relationship—one we intentionally kept alive long after a former agent stepped away from actively selling real estate. Even though he was no longer in the business, we stayed connected, checked in from time to time, and made sure the door remained open. And one day, that decision paid off.
This former agent came across a woman who needed to sell her long-owned home in Silver Lake. Knowing she deserved strong representation, he recommended that she interview Stein Team Realty. She met with us, and after hearing our market insights, pricing strategy, and approach to selling in high-demand Los Angeles neighborhoods, she hired us on the spot. We immediately got to work.
A Property With Serious Challenges
From the moment we stepped inside, it was clear this wasn’t going to be a typical listing. The home was in extremely poor condition—one of the most run-down properties we had seen in this pocket of Los Angeles. Nearly every major system had reached end of life:
– Foundation damage in several areas
– A roof in complete disrepair
– Outdated and unsafe electrical
– Failing plumbing
– HVAC that needed full replacement
– Interior structural and cosmetic deterioration
The home required an estimated $200,000 in repairs to bring it back to livable condition.
But despite the property’s condition, it possessed something invaluable.
A Location That Outshined Its Condition
738 N Vendome St sat in the heart of Silver Lake—one of the most desirable, architecturally distinctive, and high-demand hillside neighborhoods in all of Los Angeles. Even more uniquely, this home stood as the last single-family residence on a block now dominated by small apartment complexes.
Every neighboring parcel had already transitioned to multifamily housing.
This property was next.
Its zoning, location, and land value made it clear that investors would see enormous potential. And that prediction proved correct.
Investor Interest Leads the Way
Once we launched our marketing campaign, most of the offers came from seasoned investors who understood the development opportunity. The home’s future was not to be remodeled—but to be reimagined entirely as multifamily housing.
In a fortunate and professional turn, another agent within Stein Team represented the ultimate buyer, meaning Stein Team successfully double-ended the sale. The buyer moved quickly and aligned perfectly with the seller’s goals: a clean, strong offer, a smooth escrow, and a fast closing.
Both sides were thrilled.
A New Future for the Property
Shortly after closing, the buyer demolished the original home and began construction on four new residential units, bringing the property in line with the rest of the evolving block.
What started as a distressed single-family residence in severe disrepair became an exciting development opportunity—maximizing value for the seller and contributing new housing to one of Los Angeles’ most in-demand neighborhoods.
Property Highlights
Address: 738 N Vendome St, Los Angeles, CA 90026
Status: Sold
Neighborhood: Silver Lake, Los Angeles
Condition: Severe disrepair, full system replacement needed
Unique Factors:
– Last single-family home on the block
– Surrounded by small apartment complexes
– $200,000+ in needed repairs
– High investor demand
– Stein Team double representation
– Now being developed into 4 new units
Find out more from the sold listing:
Represented By
Justin Eden – REALTOR®
Specializing in: Claremont, Pomona, La Verne, Upland, Glendora, Chino Hills, Rancho Cucamonga
Sold: Nov 2, 2024.