3022 Silver Lake Blvd

Description

This rare corner 4-plex offers a unique combination of versatility, income potential, and owner-user appeal. Situated on a generous 9,000+ square foot lot, the property consists of a detached single-family home fronting one street, and a separate triplex made up of three spacious townhouse-style units. The layout is ideal for a variety of uses, whether you're looking to live in one unit, or simply add a strong-performing asset to your portfolio. Currently, the property brings in $8,440 per month in rental income, with significant upside. One of the townhouse units is vacant and is projected to rent for $3,500/month. There's also additional potential from the use of a vintage 1986 Airstream trailer, which is tucked into the side yard and could possibly function as an owner's office or creative studio. Adding even more value, the property includes three large garages - ideal for tenant use, storage, or conversion into additional income-producing spaces. Behind the large 3 car garage, there is space where you could potentially add an ADU or two, offering additional long-term development upside (buyer to verify). Plenty of street parking thanks to the highly accessible corner lot, which allows for convenient access and avoids common urban parking restrictions. With existing tenants, plenty of space to expand, and multiple income streams, this property presents a rare opportunity for both investors and owner-occupants alike.