$5,150,000 Price Analysis   ♡   Los Angeles, CA 90026 22 bed 19 bath 10,138 SqFt ($507/SqFt) 0.38 acre lot. Built 1956 Listed 2024-04-09, Taxes $27,690 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Welcome to 1651 Redcliff Street
An astounding 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprising a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed, commanding top-of-the-market rents. There are RTI plans for a storage room to be converted into a big (+/-) 731 square foot Accessory Dwelling Unit (ADU). Featuring sunlit interiors with hardwood floors and carefully crafted architectural details, these units provide a warm and welcoming amb iance. Each unit boasts spacious bedrooms, updated kitchens with stainless steel appliances, stylish bathrooms, central AC, in-unit laundry and private outdoor spaces in some units.
Situated on a 16, 736 square foot lot, aside from the newly constructed duplex, all units have undergone gut-level renovations, ensuring a modern living experience while preserving their timeless charm. Additionally, all units are separately metered for gas and electric, with parking available for 10+ vehicles. The property's prime location in Silver Lake offers proximity to cafes, entertainment venues and lifestyle amenities such as Intelligentsia, Erewhon, Edendale, Forage, Michelangelo Ristorante, Ivanhoe Restaurant, Burgers Never Say Die, Whole Foods and Trader Joe's. With DTLA, Los Feliz and Hollywood a short drive away, residents have access to countless dining and shopping options. Positioned in the thriving Silver Lake-Hollywood submarket, 1651 Redcliff presents an ideal investment opportunity for apartment operators seeking immediate returns and long-term wealth preservation through stable rental income and potential property appreciation. Its outstanding location, robust income metrics and potential for future rental income growth make it an attractive asset. Buyer's responsibility includes verifying all zoning regulations and building feasibility with the Los Angeles Department of Building and Safety (LADBS) and othr relevant city departments. To obtain further details or to arrange a showing, please contact the listing agent.
Presented by Archie Robb at
Keller Williams Realty La Canada Flintri.
Property MLS #24-378071 from TheMLSCLAW
Full Bathrooms: 19
Heating Features: Central
Garage Description: Driveway, Carport Attached
Parking Total: 10
Lot Size Source: Assessor
Lot Size Square Feet: 16736
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 7000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 12600, 3 BedsTotal: 6, 3 BathsTotal: 4.5, 3 SquareFeet: 16300, 4 BathsTotal: 1, 4 SquareFeet: 3000
County: Los Angeles
Cap Rate: 6.01
Directions: Google Maps, cross streets are Effie and Redcliff.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5425-001-049
Postal Code Plus 4: 1649
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $601,504 + $1,695,150 $2,296,654 | $27,690 |
| 2021 | $589,710 + $1,661,912 $2,251,622 | $27,347 |
| 2020 | $583,664 + $1,644,872 $2,228,536 | $27,340 |
| 2019 | $260,100 + $780,300 $1,040,400 | $12,507 |
| 2018 | $255,000 + $765,000 $1,020,000 | $12,385 |
| 2017 | $88,802 + $36,517 $125,319 | $1,684 |
| 2016 | $338,078 + $791,895 $1,129,973 | $13,626 |
| 2015 | $85,754 + $35,264 $121,018 | $1,517 |
| 2014 | $84,075 + $34,574 $118,649 | $1,530 |
| 2013 | $83,696 + $34,418 $118,114 | $1,530 |
| 2012 | $82,055 + $33,744 $115,799 | $1,549 |
| 2010 | $80,447 + $33,083 $113,530 | $1,525 |
| 2009 | $80,036 + $32,915 $112,951 | $1,470 |
| 2009 | $79,846 + $32,836 $112,682 | $1,470 |
| 2008 | $78,467 + $32,270 $110,737 | $1,411 |
| 2007 | $76,929 + $31,638 $108,567 | $1,355 |
$5,150,000
TheMLSCLAW
Price Changed 2024-05-29
$5,650,000
TheMLSCLAW
Price Changed 2024-05-15
$5,750,000
TheMLSCLAW
Listing removed 2024-05-08
$0
TheMLSCLAW
Listed 2024-04-09
$5,995,000
TheMLSCLAW
Listed for rent 2024-02-24
$8,000
TheMLSCLAW
Sold 2017-03-17
$2,100,000
Public Record
Year Built: 1956
Levels: Multi Levels
Living Area Source: Builder
Property Age: 68
Levels or Stories: 3
Building Total Stories: 3
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.