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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,100,000

Est. payment - /mo

7,496 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26218467

HOA Y/N No

Year Built 1910

Lot Size 7,496 Sqft

Property Sub-Type Apartment

Property Description

Truly an incredible Silver Lake asset in one of the most coveted pockets of the city. This property is the perfect addition for an investor, owner-user (house hacker), or value-add investor, with the ability to add 2–6 ADUs.

This asset checks so many boxes. The front Craftsman duplex offers exceptional character and charm. The upstairs residence features 3 bedrooms and 2 bathrooms with high-end renovations, while the downstairs unit also features 3 bedrooms and 2 bathrooms and is available for an immediate owner-occupier.

The rear four units are all 2-bedroom, 1-bathroom units and benefit from newer construction built in 1985, providing the updated systems and construction quality many investors are looking for.

Four of the six units have experienced turnover and have been completely gut-remodeled. The remaining two units provide an opportunity for tremendous upside. There is approximately 45% upside in the current rents alone, excluding any ADU potential.

The property also features a massive six-wide parking lot, with all spaces oversized and approximately 2+ cars deep in tandem. Some tenants have accommodated as many as three vehicles in the past. This parking configuration provides the potential to build approximately 2–6 ADUs, depending on the investor's preferred plan.

For example, if an investor elected to build four ADUs, the property could potentially achieve approximately 115% upside, more than doubling its value with an estimated $650,000 investment. This would bring the total investment to approximately $2.7 million, with a projected new value of over $4.3 million.

Do not miss this opportunity!

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Park, Suburban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5424024020

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

NEARBY SCHOOL & BUSINESS

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