This is a rare opportunity to acquire two adjacent income properties in prime Silver Lake: a triplex at 967 Lucile Ave and a fourplex at 975 Lucile Ave.The properties sit atop the hill, boasting panoramic views of the Hollywood Hills. Their side-by-side positioning is the key value driver, offering an… Read More incredible opportunity to increase cash flow and long-term value. Investors can explore significant upside through ADU additions (subject to verification) or even combining the parcels for future development.The location is unbeatable, with trendy dining like Bacari Silver Lake and 33 Taps just minutes away, along with the recreational space of Bellevue Park. This combination of high-demand location and development potential makes this a must-see for any serious investor. There are 3 units at 967 Lucile and 4 units at 975 Lucile. Most units have updated kitchen, bathroom and floors. Staircase and deck at 975 Lucile were repainted and restored in 2021. Read Less
Listing Snapshot
Days Online
43
Last Updated
Beds
9
Square Ft.
5,611
Lot Size
0.32 Acres
Year Built
1942
MLS Number
25609315
Additional Details
Building
Built in 1942, Living area: 5611.0, 4 buildings, Levels: One, Two
Disclosures
RentControl
Heating
WallFurnace
Income
Gross Income: $175,982, Net Operating Income: $117,527
Laundry
CommonArea
Lot
0.3211 acres
Property
CityLights, Courtyard, Hills
Taxes
Parcel Number: 5427012002, Zoning: LARD2
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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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