Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
$1,495,000
1437 Lucile Ave | 4-Unit + 5th Non-Conforming Unit Multifamily Investment in Silver Lake. *NOW DELIVERING 2 VACANT UNITS* Built in 1949 on a 7,351 SF lot with 3,577 SF of improvements, this boutique asset is located on one of Silver Lake's most desirable and supply-constrained residential streets. The property… Read More features a strong unit mix of (4) one-bedroom / one-bathroom units and is offered for the first time in approximately 36 years. Two units delivered vacant, the property offers solid in-place income today, while also benefiting from immediate upside optionality for an incoming owner.. Offered at $1,495,000 ($373,750/unit | $417.95/SF) with a 5.26% in-place cap rate and a 6.61% pro forma cap rate, supported by long-term rent growth potential in a high-barrier infill submarket. Read Less
Listing Snapshot
Days Online
21
Last Updated
Beds
4
Square Ft.
3,577
Lot Size
0.17 Acres
Year Built
1949
MLS Number
26649029
Additional Details
Building
Built in 1949, Living area: 3577.0, 1 building, Levels: MultiSplit
Cooling
None
Heating
WallFurnace
Income
Gross Income: $112,085, Net Operating Income: $78,677
Lot
0.1688 acres, Dimensions: 50x147
Parking
6 total parking spaces, Driveway
Taxes
Parcel Number: 5427014026, Zoning: LARD2
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
