Property listed by Keller Williams Realty Los Feliz, Lori Harris 323-300-1000
$1,249,000
A rare and versatile three-unit corner property featuring charming Spanish-style 1 bedroom, 1 bathroom residences in Silver Lake. Ideally located, this property is just moments from Silver Lake Boulevard, the Reservoir, dog park, and Sunset. It includes a charming side-by-side duplex, in addition to a detached rear building, with a… Read More vacant residence filled with natural light, separation and privacy. The occupied homes currently generate $4,246/month in gross rents ($50,952 annually). With the rear unit delivered vacant, the property offers immediate flexibility for an owner-user or investor, with projected market rents of approximately $7,400/month ($88,800 annually). Set back from the street, the front duplex offers two spacious side-by-side 1 bedroom, 1 bathroom residences. Each is complete with enchanting built-ins, hardwood flooring, terracotta tile floors, large living room, separate dining room, kitchen with ample storage, and individual laundry rooms -- combining original character with comfortable everyday living. Privately positioned at the rear of the property, the vacant 1 bedroom, 1 bathroom residence sits above a four-car garage and is accessed by its own entry and interior staircase. Filled with natural light, the home offers a generous living room, beautiful built-ins, and an airy bedroom with ample storage. The kitchen includes plenty of cabinetry and an adjoining laundry area with an in-unit washer and dryer. Two of the garage spaces are designated for this residence, providing valuable parking and additional storage. A gated driveway separates the two buildings and creates, not only privacy, but an additional outdoor space and an inviting spot for a morning coffee, reading, or relaxing outside. The property is located within close proximity to Silver Lake's most beloved neighborhood destinations, including LAMILL Coffee, L&E Oyster Bar, Botanica Restaurant & Market, and Bar Besito. With three distinct residences, four garage spaces, a vacant unit, and meaningful rental upside, this is a compelling opportunity for an owner-user or investor in one of Los Angeles' most sought-after neighborhoods. Read Less
Listing Snapshot
Days Online
2
Last Updated
Beds
3
3/4 Baths
3
Square Ft.
2,490
Lot Size
0.11 Acres
Year Built
1924
MLS Number
26939347
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1924, Living area: 2490.0, 2 buildings, 2 stories, Levels: One, Two
Cooling
None
Disclosures
RentControl
Fireplaces
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross Income: $50,952, Net Operating Income: $50,952
Lot
0.1116 acres
Parking
4 total parking spaces, Driveway
Pool
None
Taxes
Parcel Number: 5431038020, 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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