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    1/2 BATHS
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    $/SQFT

Listing Details

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On Site
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School Ratings & Info

Description

Once in a generation opportunity to acquire four units in the heart of Silver Lake. Front structure comprises three 1b1b units all with functional layouts and dedicated deck / porch space from which upper units have nice hillside views and lower unit enjoys placid garden feel. Unit 1431 1/2 (upper 1b1b) potentially delivered vacant at COE offering new owner immediate opportunity to reimagine and offer at market rent. Back bungalow is privately tucked away and offers 3 bedrooms and 1 full bath along with light-filled living room, dining nook, and sunroom/office. Property is located right between Sunset Blvd and the Silver Lake Reservoir walking path, green space, and dog park. Residents can take advantage of neighborhood amenities too numerous to list: LAMILL, Botanica, L&E Oyster Bar, Alimento, Yakuza Sushi, Silver Lake Farmers Market, Whole Foods, Erewhon, Trader Joes, Intelligentsia, La Colombe, Bacari, and on and on. Property is cash flow positive with current rents and still has 35% upside. So don't let this golden... er, Silver opportunity pass you by!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T18:42:44.9. 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/121210804
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1431 Silver Lake Blvd Los Angeles, CA 90026

  • Price: $1,295,000
  • Status: Active
  • Updated: 30 min ago
  • MLS #: 21-781234
6
Beds
0
Baths
0
½ Baths
0.11
Acres
2,652
SQFT
$488
$/SQFT
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Once in a generation opportunity to acquire four units in the heart of Silver Lake. Front structure comprises three 1b1b units all with functional layouts and dedicated deck / porch space from which upper units have nice hillside views and lower unit enjoys placid garden feel. Unit 1431 1/2 (upper 1b1b) potentially delivered vacant at COE offering new owner immediate opportunity to reimagine and offer at market rent. Back bungalow is privately tucked away and offers 3 bedrooms and 1 full bath along with light-filled living room, dining nook, and sunroom/office. Property is located right between Sunset Blvd and the Silver Lake Reservoir walking path, green space, and dog park. Residents can take advantage of neighborhood amenities too numerous to list: LAMILL, Botanica, L&E Oyster Bar, Alimento, Yakuza Sushi, Silver Lake Farmers Market, Whole Foods, Erewhon, Trader Joes, Intelligentsia, La Colombe, Bacari, and on and on. Property is cash flow positive with current rents and still has 35% upside. So don't let this golden... er, Silver opportunity pass you by!
Exterior Features

Lot Size Area 4596 Other Structures None Parking Garage None Style Traditional Total Parking 0 View Description Green BeltHills View YN Yes

Interior Features

Baths Total 4.00 Cooling Ceiling Fan Equipment Ceiling FanRefrigeratorRange/Oven Heating Wall Laundry None

Property Features

Assessed Total Value 151836 Gross Income 88248 Gross Operating Income 85600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 63513.00 Number Of Buildings 2 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Taped Source Lot Size Area Vendor Enhanced Total Annual Expense 22087 Type Of Units Apartments Zoning Lar2

Listing provided courtesy of Joel Nass DRE#01954931 of Clint Lukens Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T18:42:44.9. 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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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210