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 -… Read More 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 2 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. The bottom unit will also be vacated by the end of Feb '25, so a new owner can get market rents, which will be quite high, in all three units. Read Less
Property listed by Silverwood Properties, Ken Shapiro 213-250-4404
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,065
Lot Size
0.16 Acres
Year Built
1904
MLS Number
24466915
30 Days Snapshot Of 90026
$1,175k
-11%
(avg) sold price
17
+21%
homes sold
82
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator, Dryer, Washer
Building
Built in 1904, Building area total: 3,065, Levels: Two, Living area: 3065, 2 stories, 2 buildings
Cooling
CentralAir, WallWindowUnits
Heating
Central, WallFurnace
Income
Gross income: $146,400, Net operating income: $102,480
Lot
0.163 acres, 7,102 square feet, Size: 7,102
Parking
3 open parking spaces, 3 totals parking, Uncovered
Property
Zoning: LARD1.5
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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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