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1431 Maltman Ave

Los Angeles, CA 90026
  • $2,599,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 21-797278
$2,599,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,958
    SQFT
  • $524
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Welcome to 1431 Maltman, a prime opportunity to create your own vision located in the heart of Silver Lake at Sunset Junction. With an existing nearly 5,000 sq ft building, you could simply follow through on City approved plans to build out four units, 3-bed / 2 bath each, which will feature original design elements, skylights, high ceilings, original hardwood floors and expansive views to West, East and North. Buyer to investigate adding 2 additional ADUs in the rear at the existing 4-car garage. Alternatively, there is potential to convert the property to creative offices or mixed use. Make this the coolest office in Silver Lake with great visibility right off Sunset Blvd. C2 zoning and TOC tier 2 on a 7,347 sq ft offers multitude of options. Build 31 units with TOC, build mixed use, or build an office in the heart of Silver Lake. This prime lot in this location alone is worth it, as flexible zoning land of this size rarely comes to market. Buyer to do all investigations. The building is currently vacant and demoed on the interior, ready for renovation or construction with no relocation necessary. Covered land play no matter what path one takes. High expected rents with either residential or commercial use. Do not miss your opportunity to stake your flag in the middle of it all in Silver Lake.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. 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.
www.searchdesertrealestate.com/homes/122606327
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1431 Maltman Ave Los Angeles, CA 90026

  • Price: $2,599,000
  • Status: Active
  • On Site: 39 Days
  • MLS #: 21-797278
4
Beds
0
Baths
0
½ Baths
0.17
Acres
4,958
SQFT
$524
$/SQFT
1926
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Welcome to 1431 Maltman, a prime opportunity to create your own vision located in the heart of Silver Lake at Sunset Junction. With an existing nearly 5,000 sq ft building, you could simply follow through on City approved plans to build out four units, 3-bed / 2 bath each, which will feature original design elements, skylights, high ceilings, original hardwood floors and expansive views to West, East and North. Buyer to investigate adding 2 additional ADUs in the rear at the existing 4-car garage. Alternatively, there is potential to convert the property to creative offices or mixed use. Make this the coolest office in Silver Lake with great visibility right off Sunset Blvd. C2 zoning and TOC tier 2 on a 7,347 sq ft offers multitude of options. Build 31 units with TOC, build mixed use, or build an office in the heart of Silver Lake. This prime lot in this location alone is worth it, as flexible zoning land of this size rarely comes to market. Buyer to do all investigations. The building is currently vacant and demoed on the interior, ready for renovation or construction with no relocation necessary. Covered land play no matter what path one takes. High expected rents with either residential or commercial use. Do not miss your opportunity to stake your flag in the middle of it all in Silver Lake.
Exterior Features

Exterior Construction Stucco Garage Structures Total 1 Lot Size Area 7348 Other Structures Other Parking Garage Garage Is DetachedDriveway Gate Style Spanish Total Parking 6 View Description City LightsCity View YN Yes

Interior Features

Baths Total 4.00 Common Walls Attached Cooling None Equipment None Flooring Hardwood Heating None

Property Features

Assessed Total Value 1538751 Gross Income 216000 Gross Operating Income 216000 Like Units1 4 Net Operating Income 162000.00 Number Of Buildings 1 Number Of Units 4 Property Condition FixerUnder ConstructionRepairs Major Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 54000 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Nicholas Fichera DRE#01932217 of Figure 8 Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. 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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