$2,825,000 Price Analysis   ♡   Los Angeles, CA 90026 11 bed 6 bath 4,073 SqFt ($693/SqFt) 6,618SqFt lot. Built 1931 Listed 2024-07-30, Taxes $33,916 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building.
Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1, 650, 000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property caters to a diverse range of tenants. The meticulously restored units showcase modern upgrades and stylish finishes, ensuring tenant satisfaction and maximizing rental potential.
Convenient amenities includ two garages, four on-grade parking spaces and separate metering for electricity and gas in each unit. The front building, constructed in 1960, houses four of the 2-bedroom units, while the rear duplex offers a open 2-bedroom unit over a double car garage and a 1-bedroom unit. Currently under professional management, this property offers a seamless investment opportunity with the option for personal management. Don't miss out on this rare chance to own a premium income-generating property in one of Silver Lake's most sought-after neighborhoods. Take advantage of the assumable loan and secure your place in this thriving real estate market today!
Presented by Peter Buonocore at
Keller Williams Larchmont.
Property MLS #24-420339 from TheMLSCLAW
Full Bathrooms: 6
Heating Features: Central
Garage Spaces: 2
Garage Description: Assigned
Parking Total: 6
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6618
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3100, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3100, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3100, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3100, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 3600, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2500
County: Los Angeles
Cap Rate: 4.92
Directions: West of Silver Lake Blvd, between Bellevue and Marathon.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5401-015-010
Postal Code Plus 4: 3612
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $565,000 + $2,260,000 $2,825,000 | $33,916 |
| 2021 | $410,117 + $956,940 $1,367,057 | $17,025 |
| 2020 | $405,912 + $947,128 $1,353,040 | $17,192 |
| 2019 | $397,953 + $928,557 $1,326,510 | $16,531 |
| 2018 | $390,150 + $910,350 $1,300,500 | $16,404 |
| 2017 | $382,500 + $892,500 $1,275,000 | $16,011 |
| 2016 | $86,898 + $24,827 $111,725 | $2,071 |
| 2015 | $85,593 + $24,455 $110,048 | $2,051 |
| 2014 | $83,917 + $23,976 $107,893 | $2,013 |
| 2013 | $83,538 + $23,868 $107,406 | $2,003 |
| 2012 | $81,900 + $23,400 $105,300 | $2,023 |
| 2010 | $80,295 + $22,942 $103,237 | $1,917 |
| 2009 | $79,885 + $22,826 $102,711 | $1,862 |
| 2009 | $79,695 + $22,771 $102,466 | $1,862 |
| 2008 | $78,319 + $22,379 $100,698 | $1,809 |
| 2007 | $76,784 + $21,941 $98,725 | $1,743 |
$2,825,000
TheMLSCLAW
Listing removed 2024-07-23
$0
TheMLSCLAW
Listed 2024-03-04
$2,850,000
TheMLSCLAW
Listing removed 2023-11-17
$0
TheMLSCLAW
Relisted 2023-11-15
$2,995,000
TheMLSCLAW
Listing removed 2023-11-07
$0
TheMLSCLAW
Listing removed 2023-09-25
$0
TheMLSCLAW
Listed 2023-09-13
$2,995,000
TheMLSCLAW
Listed 2023-08-11
$2,995,000
TheMLSCLAW
Sold 2021-12-30
$2,825,000
TheMLSCLAW
Listing removed 2019-05-04
$0
TheMLSCLAW
Price Changed for rent 2019-04-22
$3,500
TheMLSCLAW
Listed for rent 2019-04-11
$3,600
TheMLSCLAW
Listing removed 2017-04-05
$2,350
TheMLSCLAW
Listed for rent 2017-04-01
$2,350
TheMLSCLAW
Listing removed 2017-03-29
$3,400
TheMLSCLAW
Price Changed for rent 2017-03-23
$3,400
TheMLSCLAW
Listed for rent 2017-02-24
$3,500
TheMLSCLAW
Sold 2016-03-02
$1,250,000
Public Record
Year Built: 1931
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 93
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.