Truly an incredible Silver Lake asset in one of the most coveted pockets of the city. This property is the perfect addition for an investor, owner-user (house hacker), or value-add investor, with the ability to add 2–6 ADUs.
This asset checks so many boxes. The front Craftsman duplex offers exceptional character… Read More and charm. The upstairs residence features 3 bedrooms and 2 bathrooms with high-end renovations, while the downstairs unit also features 3 bedrooms and 2 bathrooms and is available for an immediate owner-occupier.
The rear four units are all 2-bedroom, 1-bathroom units and benefit from newer construction built in 1985, providing the updated systems and construction quality many investors are looking for.
Four of the six units have experienced turnover and have been completely gut-remodeled. The remaining two units provide an opportunity for tremendous upside. There is approximately 45% upside in the current rents alone, excluding any ADU potential.
The property also features a massive six-wide parking lot, with all spaces oversized and approximately 2+ cars deep in tandem. Some tenants have accommodated as many as three vehicles in the past. This parking configuration provides the potential to build approximately 2–6 ADUs, depending on the investor’s preferred plan.
For example, if an investor elected to build four ADUs, the property could potentially achieve approximately 115% upside, more than doubling its value with an estimated $650,000 investment. This would bring the total investment to approximately $2.7 million, with a projected new value of over $4.3 million.
Do not miss this opportunity! Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1910
MLS Number
SB26218467
Additional Details
Building
Built in 1910, 1 building, 1 storey, Entry level: 1, Entry location: 1
Community
Biking, Curbs, DogPark, Foothills, Golf, Hiking, Park, Suburban
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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