Representing a remarkable OPPORTUNITY ZONED 7-unit apartment building with 90% current market rents. This property features 6 upgraded 1 bed/1 bath units, and one 2 bed 1 bath unit. Each has its own washer and dryer. 6 units have been thoughtfully upgraded showcasing open layouts that enhance the living space.… Read More ALL UNITS HAS ITS OWN PARKING. Located in a bustling hip neighborhood, on the edge of Silverlake-one of the trendiest areas in LA. This property benefits from excellent walkability to popular, trendy cafes and restaurants. The combination of upgraded units and a thriving location offers significant potential for rental income growth, making this apartment building an excellent opportunity for savvy investors looking to expand their portfolio in a high-demand location which is only 5-10 min drive to Hollywood, Los Feliz, Downtown, Koreatown, Echo Park. It doesn't get much more central in terms of location! Don't miss your chance to capitalize on this unique investment opportunity! Read Less
Property listed by Beverly and Company, Inc., Laura Meldere 818-382-4160
Listing Snapshot
Days Online
40
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,605
Lot Size
0.25 Acres
Year Built
1948
MLS Number
25578059
30 Days Snapshot Of 90029
$888k
-6%
(avg) sold price
2
-60%
homes sold
119
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Oven, Dryer, Washer
Building
Built in 1948, Building area total: 4,605, Levels: One, Living area: 4605, 1 story, 2 buildings, Construction materials: Stucco
Cooling
CentralAir
Fireplaces
LivingRoom
Floors
Laminate, Tile
Heating
Central
Income
Gross income: $152,296, Net operating income: $122,296
Lot
0.2495 acres, 10,869 square feet, Size: 10,869
Parking
7 totals parking, Driveway
Pool
None
Property
Zoning: LARD1.5
Spa
None
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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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