Welcome to this BEAUTIFUL TURN-KEY 4-PLEX in the heart of SILVERLAKE! This French Normandy building is being sold with 3 FULLY-REMODELED and VACANT units! Located in one of the most PREMIUM RENTAL MARKETS in LA, this charming 1920s 4-PLEX sits a stones-throw away from coffee shops like INTELLEGENCIA, LA COLOMBE… Read More and CAFE STELLA as well as major grocery stores like EREWHON, WHOLE FOODS and TRADER JOES. Everything is within walking distance. This is a SECOND-TO-NONE building nested at the exact INTERSECTION OF SILVERLAKE, LOS FELIZ AND EAST HOLLYWOOD, just two blocks away from SUNSET JUNCTION. Take a stroll at Golden Hour over to your favorite restaurant, or grab some ice cream at SALT 'n STRAW. NO DRIVING NECESSARY. Rental Demand is EXTREMELY HIGH, with major employers like NETFLIX, KAISER and several MAJOR STUDIOS just minutes away. This building is IN COMPLIANCE with all earthquake structural requirements as part of the City of Los Angeles ordinances. The roof is less than a decade old and has been inspected. ALL UNITS have SEPARATE METERS for gas and electrical. Three out of four units have been TASTEFULLY UPGRADED with NEW KITCHENS, FLOORING and ELECTRICAL PANELS. All plumbing is a combination of COOPER and PVC. The building has been diligently maintained and has LAUNDRY ON-SITE. Minimal upkeep and maintenance make this an unparalleled CASH COW for NEW-OWNERSHIP. There are not too many buildings in this area with as much PRIDE OF OWNERSHIP and immediate CASHFLOW POTENTIAL. Come see this WONDERFUL OPPORTUNITY before its gone! Read Less
Property listed by Sotheby's International Realty, Jeffrey Ulik 323-665-1700
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,516
Lot Size
0.06 Acres
Year Built
1928
MLS Number
24452601
30 Days Snapshot Of 90029
$995k
-15%
(avg) sold price
3
0%
homes sold
38
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1928, Building area total: 3,516, Levels: Two, MultiSplit, Living area: 3516, 2 stories, 1 building
Community
Gated
Cooling
None
Fireplaces
None
Floors
Wood
Heating
WallFurnace
Income
Gross income: $12,200, Net operating income: $115,008
Interior Features
CeilingFans, Furnished
Lot
0.0556 acres, 2,422 square feet, Size: 2,422
Parking
OnStreet
Pool
None
Property
Zoning: LAC2, Hills
Security Features
GatedCommunity, KeyCardEntry, WindowBars
Spa
None
Tenant Pays
Electricity, Gas
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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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