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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,575,000

Est. payment - /mo

12 Beds

12 Baths

7,556 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,556 sqft

Price per Sqft $208

MLS Listing ID 25631721

Bedrooms 12

HOA Y/N No

Year Built 1924

Lot Size 10,798 Sqft

Property Description

A rare investment opportunity in the highly sought after East Hollywood submarket of Los Angeles. The property consists of 12 well-maintained 1 bedroom 1 bathroom units spread across five detached buildings, all featuring upgraded roofs and sewer lines. Situated on approximately 10,779 square feet of gated land, the property showcases classic Spanish style bungalow architecture centered around a charming landscaped courtyard. The location is exceptional, in an Opportunity Zone, and a close distance to historic Sunset Boulevard, LA City College, and the Santa Monica Vermont Metro Station. Residents enjoy close proximity to Silver Lake and the vibrant retail, dining, and entertainment scene at Sunset Junction. Nearby favorites include Erewhon, Intelligentsia, The Black Cat, La Colombe Roasters, and many more. With convenient access to Downtown Los Angeles and major Hollywood employment hubs, the area is highly attractive to young professionals. Below market rents combined with substantial value add potential present an exceptional opportunity for investors to capture nearly 90% rental upside, with an attractive current CAP of over 5.5%.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Cooling None

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5539004004

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Coby Chatwin Link Brokerages #01998822

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4520 Willow Brook AVE Los Angeles, CA 90029