Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$1,595,000
Located in the heart of Silver Lake, 1217 Westerly Terrace is a distinctive hillside fourplex offering a rare combination of owner-user flexibility, value-add potential, and exceptional walkability. The property boasts a 94 Walk Score ("Walker's Paradise") and is just minutes from Sunset Junction's renowned dining, retail, and entertainment destinations. Its… Read More unique tiered layout positions each unit at a different elevation with no shared walls, creating enhanced privacy and a single-family home feel. Immediate occupancy flexibility allows new ownership to implement its own leasing strategy and capitalize on strong rental demand. Additional highlights include a desirable unit mix consisting of 75% two-bedroom units, approximately 25% rental upside, multiple ADU conversion opportunities, and a completed SB721 inspection, helping streamline buyer due diligence. Read Less
Listing Snapshot
Days Online
42
Last Updated
Beds
7
3/4 Baths
5
Square Ft.
4,043
Lot Size
0.12 Acres
Year Built
1967
MLS Number
26845161
Additional Details
Building
Built in 1967, Living area: 4043.0, 1 building, Levels: MultiSplit
Income
Gross Income: $127,536, Net Operating Income: $94,132
Lot
0.1167 acres
Parking
Driveway, Garage
Taxes
Parcel Number: 5426003004, Zoning: LAR2
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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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