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$2,295,000
Est. payment /mo
7,379 Sqft Lot
UPDATED:
12/10/2024 11:01 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24208005
HOA Y/N No
Year Built 1923
Lot Size 7,379 Sqft
Property Description
R3 ZONED! Seize this outstanding opportunity to own a SIX-UNIT, income-producing property in the highly sought after Los Angeles enclave of Silverlake! Located just a short walk from the beautiful Silver Lake Reservoir, scenic meadows, and the popular dog park! This property offers a fantastic blend of feeling immersed in a flourishing nature setting, while still just minutes to DTLA & many amazing local attractions! Set on a lush expansive lot with mature, fruit-bearing avocado, fig, and lime trees! Each unit on this property is separately metered for utilities. Promoting a streamlined and efficient investment. Recently upgraded dual-pane windows enhance energy efficiency and comfort. The property also features five covered carport spaces plus two additional uncovered parking spaces—ideal for tenants and visitors alike. From the upper level of the rear unit, enjoy gorgeous pocket views of Silver Lake and the iconic Griffith Park Observatory Dome! With the current R3 zoning, there’s tremendous future potential to add up to six additional units (12 total), maximizing equity & income potential. Alternatively, live in one unit and let the income from the other five rentals substantially offset your ownership costs. Perfectly situated within walking distance of top-tier shopping & dining options. Including Gelson’s, Whole Foods, Silverlake Wine, The Red LionTavern, and Trader Joe’s! Don’t miss out on this exceptional commercial investment opportunity in one of LA’s most desirable locations! Call today to schedule your private showing.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Fireplace No
Laundry Inside
Building
Lot Description Front Yard, Garden, Near Public Transit
Story 2
Water Public
Others
Tax ID 5439001014
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by David Sevanian • Keller Williams VIP Properties • 661-510-6072
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908