Description
Perched high above the street, this gated, corner, detached bungalow 5-unit property, with sweeping views of Downtown, consists of: a VACANT DETACHED, 2 BEDROOM, 1 BATH BUNGALOW that feels like an SFR, a VACANT, 1 BEDROOM, 1 BATH SFR-FEELING END BUNGALOW, plus, 3 additional, occupied 1 BEDROOM, 1 BATH BUNGALOWS. An ideal property, for anyone looking for a unique Owner-User, or a unique cluster acquisition of Income Properties, on one above-street corner lot, with rental income to off-set a mortgage payment! This property, captures its unique setting, high above the street, making it perfect for residential living and creative studio work space, with great off-street and 3-car garage parking. Additionally, the COMMERCIAL ZONING, within a Transit Zone, allows for mixed-use, live/work space, and the development of approximately 20 units for future development (buyer to verify exact allowable units and mix). With the vacant units rented, at current market rents, the property can generate approximately $7,500 per month, NOW, and even more, as the 3 occupied units, vacate. For buyers looking to Owner-Occupy, combining the property's 2 VACANT UNITS, will create a SPECIAL, OASIS in the middle of the City. This property offers MASSIVE UPSIDE POTENTIAL, WITH COMMERCIAL ZONING, AND BILLBOARD LEASE, A-L-L IN AN EXCELLENT LOCATION, situated, close to Downtown, Silver Lake, and every lifestyle convenience. This is an opportunity, not to be missed!!
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6BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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2,778SQFT
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$574$/SQFT
School Ratings & Info
Description
Perched high above the street, this gated, corner, detached bungalow 5-unit property, with sweeping views of Downtown, consists of: a VACANT DETACHED, 2 BEDROOM, 1 BATH BUNGALOW that feels like an SFR, a VACANT, 1 BEDROOM, 1 BATH SFR-FEELING END BUNGALOW, plus, 3 additional, occupied 1 BEDROOM, 1 BATH BUNGALOWS. An ideal property, for anyone looking for a unique Owner-User, or a unique cluster acquisition of Income Properties, on one above-street corner lot, with rental income to off-set a mortgage payment! This property, captures its unique setting, high above the street, making it perfect for residential living and creative studio work space, with great off-street and 3-car garage parking. Additionally, the COMMERCIAL ZONING, within a Transit Zone, allows for mixed-use, live/work space, and the development of approximately 20 units for future development (buyer to verify exact allowable units and mix). With the vacant units rented, at current market rents, the property can generate approximately $7,500 per month, NOW, and even more, as the 3 occupied units, vacate. For buyers looking to Owner-Occupy, combining the property's 2 VACANT UNITS, will create a SPECIAL, OASIS in the middle of the City. This property offers MASSIVE UPSIDE POTENTIAL, WITH COMMERCIAL ZONING, AND BILLBOARD LEASE, A-L-L IN AN EXCELLENT LOCATION, situated, close to Downtown, Silver Lake, and every lifestyle convenience. This is an opportunity, not to be missed!!
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. 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.