Back 656 Parkman Avenue
Off Market

656 Parkman Avenue

Los Angeles CA 90026

5
4
3
3065 sq. ft.
7102 sq. ft.
Other
Last sold for $1,904,000
Ken ShapiroKen Shapiro, last sold this property on 03 June 2025 after 189 days on market.

Overview

If ever there was a multi-family property that screamed "Classic Silver Lake" this one is it. It has so many features that will attract that renter who wants to live in Silver Lake, as follows:First, it is located on a really great street that is filled with other properties - single family as well as multi-family - that are all just as cool as this one. While being set in a very serene location, it is, at the same time, walking distance to all the shops and restaurants on Sunset Blvd, including "All Day Baby," "Millies," "Bacari Silver Lake," and many others. It is also a mile away from the Silver Lake Reservoir with all of its restaurants (L and E Oyster Bar, Le Mille Coffee Shop), running trail, picnic area and dog park. It is also a 2 minute drive to the 101 Fwy, which easily gets you to downtown as well as the studios, Hollywood and the West Side. Then, there is the property itself...Each unit is oozing with charm and character, and lots of space and lots of light, original hardwood floors throughout, as well as spectacular views to the west. The bottom unit is 2 bed 2 bath, 1200 sq ft, with a bonus room in the basement that is currently acting as a third bedroom. The primary bedroom is huge, with a very large closet and ensuite bathroom. As great as the bottom unit is, many feel that the top unit is even more desirable. Firstly, it is only unit that has central heat and air. It has tons of light, a bay window that looks out to the west and shows the Santa Monica hills and some of the best sunsets that exist anywhere. It is also 2 bed and 1 bath 1200 sq ft, and also features a very large amount of closet space. And, as you can see in the photos, it has a great deck that looks out over a sprawling back yard. This has been the owner's unit for 22 years but, frankly, either unit would serve wonderfully as the owner's unit. Also, importantly, there are no phone lines and no power lines across or over the property, which is very rare. Plumbing and electrical are performing very well throughout the property, though could certainly stand some updating. But the foundation was just upgraded and retrofitted last year and is in excellent shape. Same with roof back in 2019. Also, it is a street-to-alley lot which has 3 car parking in the rear which is accessed through the alley. Also, street parking on Parkman is excellent day and night. The property is gated and secure. The list of pluses goes on and on. It also has a non-conforming modest detached 1 bedroom unit in the rear which one can easily (and inexpensively) get approved as an ADU if they are so inclined, though the current owner has never felt the need to do so. The top unit and the small unit in the rear will be delivered vacant. Also, the bottom unit will be vacant by the beginning of July,'25 and there will be a Voluntary Vacate Agreement signed by the tenant and the current seller. So, basically all three will be vacated.

Features

5 bedrooms
4 bathrooms
3 carspaces
3 open car spaces
3065 sq. ft. floor area
7102 sq. ft. lot size
Other

Estimated Value

Based on this property and similar 5 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 656 Parkman Avenue is $1.43m.

Median value
$1.43m
Estimated value range
$1.05m - $1.71m
Median days on market
71
Estimated value trend
-10%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 656 Parkman Avenue

2025
Sold
$1,904,000
03 Jun 2025 by Ken Shapiro, of Silverwood Properties

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 5 five-bedroom other properties similar to 656 Parkman Avenue, have been sold.

This represents a 38% increase in five-bedroom other properties sales when compared to the previous 12 months.

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