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Diego Magdaleno

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

$1,950,000

Est. payment - /mo

12 Beds

6 Baths

5,699 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,699 sqft

Price per Sqft $342

MLS Listing ID 26646959

Bedrooms 12

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1956

Lot Size 7,548 Sqft

Property Description

PRICE IMPROVEMENT! Prime 6 Unit Silver Lake Investment Property - Three Units Delivered VacantWell maintained asset on the market for the first time in a generation. Three units are vacant and ready day one for your updates. Capitalize on Silver Lake's strong rental demand for a submarket market best 7.53% purchase CAP rate. All units are large two bedroom one baths (950 sf +/-) with functional floor plans and include; spacious living room with lots of natural light, dining area, separate kitchen, full bath and 2 generous sized bedrooms. Four units have the potential for private outdoor space (2 units have balconies and 2 have patio areas).Located close to Sunset Junction, Farmers Market, Erewhon, Intelligensia, Bacarai and the Virgil Village; Sqirl, Budoniki, Courage BagelsAdditional property features include four car port parking space and shared coin operated laundry room. Don't miss this opportunity to acquire a building with both say one and future upside.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Flooring Tile, Wood

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Carport

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5427012018

Special Listing Condition Standard

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Listed by Joel Nass Figure 8 Realty #01954931

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826 Hyperion AVE Los Angeles, CA 90029