Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building. Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1,650,000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS… Read More WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property caters to a diverse range of tenants. The meticulously restored units showcase modern upgrades and stylish finishes, ensuring tenant satisfaction and maximizing rental potential. Convenient amenities include two garages, four on-grade parking spaces, and separate metering for electricity and gas in each unit. The front building, constructed in 1960, houses four of the 2-bedroom units, while the rear duplex offers a spacious 2-bedroom unit over a double car garage and a 1-bedroom unit. Currently under professional management, this property offers a seamless investment opportunity with the option for personal management. Don't miss out on this rare chance to own a premium income-generating property in one of Silver Lake's most sought-after neighborhoods. Take advantage of the assumable loan and secure your place in this thriving real estate market today! Read Less
Property listed by Keller Williams Larchmont, Peter V Buonocore 323-762-2600
Listing Snapshot
Days Online
172
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,073
Lot Size
0.15 Acres
Year Built
1931
MLS Number
24420339
30 Days Snapshot Of 90026
$1,187k
0%
(avg) sold price
0
-100%
homes sold
55
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1931, Building area total: 4,073, Levels: Two, Living area: 4073, 2 stories, 2 buildings
Garage
2 spaces
Heating
Central
Income
Gross income: $200,812, Net operating income: $139,098
Lot
0.1519 acres, 6,618 square feet, Size: 6,618
Parking
4 open parking spaces, 6 totals parking, Assigned
Property
Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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