$6,999,000 Price Analysis   ♡   Los Angeles, CA 90026 16 bed 14 bath unknown SqFt ($0/SqFt) 0.24 acre lot. Built 2024 Listed 2024-05-28, Taxes $10,597 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Stunning Brand new Construction 8-Unit Multifamily Building in Silver Lake.
This brand-new, meticulously designed 8-unit multifamily building offers unparalleled luxury and modern convenience in one of LA's most sought-after neighborhoods. The property includes 2 One Bedroom, 4 Two Bedroom and 2 Three Bedroom units. Each unit is individually metered for electric, individual water sub-meters and each unit has solar panels , making this a highly efficient and low expense asset. The low density nature of this project is extremely desirable for tenants and will command premium rents. All units have fire sprinklers throughout, helping to lower insurance premiums. The 4 two bedroom units are detached modern bungalows.
The 2 three bedroom units have one bedroom downstairs and two upstairs, making it perfect for those needing a homes office. All units have private outdoor spaces. Prime Location: Nestled in the vibrant and trendy Silver Lake area, this property is within short distance to popular dining, shopping and entertainment spots. Contemporary Design: Each unit features high ceilings, high-end finishes, open floor plans and large windows that flood the space wth natural light. The aesthetic is modern yet inviting, with attention to every detail. Sustainability: The entire building is solar-paneled, significantly reducing energy costs and environmental impact. Turnkey Investment: This property is designed for effortless operation. This property represents the pinnacle of multifamily living, combining sophistication, sustainability and an unbeatable location.
Presented by Luis Carmona at
Forward Real Estate.
Property MLS #24-396331 from TheMLSCLAW
Full Bathrooms: 14
Bathroom 1 Features: Low Flow Shower(s), Low Flow Toilet(s), Shower and Tub
Drywall Walls
Living Room Deck Attached
Living Room Balcony
Recessed Lighting
Tandem
Turnkey
Flooring: Vinyl Plank
Window Features: Double Pane Windows, Screens, Skylights
Cooktop - Electric
Electric
Microwave
Laundry Facilities: In Unit, Inside, Laundry Closet Stacked
Laundry Features: In Unit, Inside, Laundry Closet Stacked
Open to Family Room
Dining Room Description: 1
Kitchen Features: Counter Top, Open to Family Room
Heating Features: Electric, Combination
Patio Features: Balcony, Patio Open
Lot Size Acres: 0.2372819
Lot Size Source: Developer
Lot Size Square Feet: 10336
Parking Total: 10
Other Equipment: Built-Ins, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Microwave, Solar Panels, Refrigerator, Range/Oven
Security Features: Fire Sprinklers, Firewall(s), Smoke Detector
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 3250, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 4750, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 5700
Custom Built
High Ceilings (9 Feet+)
Rain Gutters
Sliding Glass Doors
Sprinkler System
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.1
Directions: Silver Lake Blvd to London St
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Number of Separate Electric Meters: 8
Parcel Number: 5401-013-024
Postal Code Plus 4: 3704
Property Location: City
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $175,440 + $701,760 $877,200 | $10,597 |
| 2021 | $85,857 + $51,240 $137,097 | $1,883 |
| 2020 | $84,977 + $50,715 $135,692 | $1,894 |
| 2019 | $83,311 + $49,721 $133,032 | $1,830 |
| 2018 | $81,678 + $48,747 $130,425 | $1,753 |
| 2017 | $80,077 + $47,792 $127,869 | $1,715 |
| 2016 | $78,507 + $46,855 $125,362 | $1,645 |
| 2015 | $77,328 + $46,152 $123,480 | $1,623 |
| 2014 | $75,814 + $45,248 $121,062 | $1,640 |
| 2013 | $75,472 + $45,044 $120,516 | $1,640 |
| 2012 | $73,993 + $44,161 $118,154 | $1,658 |
| 2010 | $72,543 + $43,296 $115,839 | $1,625 |
| 2009 | $72,173 + $43,076 $115,249 | $1,568 |
| 2009 | $72,001 + $42,973 $114,974 | $1,568 |
| 2008 | $70,758 + $42,232 $112,990 | $1,508 |
| 2007 | $69,371 + $41,404 $110,775 | $1,446 |
$3,250
TheMLSCLAW
Listed 2024-05-28
$6,999,000
TheMLSCLAW
Sold 2021-02-04
$860,000
TheMLSCLAW
Sold 1978-11-07
$97,500
Public Record
Building Exterior Type: Concrete, Frame
Common Walls: Attached
Entry Location: Ground Level w/steps
Foundation Details: Raised
Levels: One Level, Two Level
New Construction: Yes
Property Condition: New Construction
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
House Style: Contemporary
Year Built Source: Builder
Architectural Style: Contemporary
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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.