Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
$1,500,000
732 Robinson St | 4-Unit Residential Income Property in Prime Silver Lake. Built in 1949 on a 6,616 SF lot with 2,892 SF of improvements, this well-maintained asset features an attractive unit mix of (3) 1-bed/1-bath units and (1) 2-bed/2-bath unit. (1) 1-Bed/1-Bath Unit will be delivered vacant. The property… Read More has been thoughtfully improved over time with updated interiors and well-kept common areas, offering a peaceful, greenery-filled setting with a rare sense of privacy just moments from Sunset Junction and the heart of Silver Lake. Offered at $1,500,000 ($375,000/unit | $518.67/SF) with a 4.53% in-place cap rate and 7.33% pro forma cap rate, the property provides immediate upside through leasing the vacant unit and long-term value potential through organic rent growth. A key differentiator is the inclusion of a sizable storage structure with rear access, offering added flexibility and potential future ADU conversion (buyer to verify). Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
5
Square Ft.
2,892
Lot Size
0.15 Acres
Year Built
1949
MLS Number
26642809
Additional Details
Appliances & Equipment
Dishwasher, Disposal
Building
Built in 1949, Living area: 2892.0, 1 building, 1 storey, Levels: One
Heating
WallFurnace
Income
Gross Income: $98,188, Net Operating Income: $67,950.2
Interior Features
CeilingFans
Lot
0.1519 acres
Parking
4 total parking spaces, Driveway
Taxes
Parcel Number: 5401017006, 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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