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$ 1,725,000
Est. payment | /mo
4 Beds
4 Baths
7,378 Sqft Lot
$ 1,725,000
Est. payment | /mo
4 Beds
4 Baths
7,378 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26141627
Bedrooms 4
Lot Size 7,378 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
*7.5% CAP RATE! Discover an exceptional investment & development opportunity in the heart of Silver Lake with this rare SIX-UNIT income property ideally positioned just moments from the Silver Lake Reservoir, meadow trails, dog park, and some of Los Angeles' most sought-after dining, shopping, and entertainment destinations. Located on a lush, oversized lot surrounded by mature avocado, fig, and lime trees, this property offers a unique blend of strong in-place cash flow, long-term appreciation potential, and future development upside in one of LA's most desirable rental markets. The property currently generates approximately $12,929 per month ($155,148 annually) in gross rental income and features six separately metered units, simplifying management and maximizing operational efficiency. Recent improvements include dual-pane energy-efficient windows throughout, while seven on-site parking spacesfive covered carports and two additional uncovered spacesprovide a highly desirable amenity rarely found in such a prime urban location. The upper rear unit enjoys pocket views of the Silver Lake Reservoir area and the iconic Griffith Observatory, further enhancing tenant appeal. ZONED R3, this property presents a compelling opportunity for investors seeking both immediate income and future value creation. Preliminary development potential may allow for the addition of up to six more units, creating the possibility of expanding the property to a 12-unit asset (buyer to independently verify all development potential with applicable governmental agencies). Whether held as a long-term
Location
State CA
County Los Angeles
Zoning Assessor
Direction Exit Fletcher from the 5 frwy then continue on Fletcher to Glendale Blvd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5439001014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=9Gfu-Qi2OWY
Listed by David Sevanian, DRE#01275548 Keller Williams VIP Properties
Nearby Locations
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