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Key Details
Sold Price $4,930,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-11097
Sold Date 10/12/22
HOA Y/N No
Year Built 1985
Lot Size 0.273 Acres
Property Description
An excellent 12 unit non-rent control building, located on a cul-de-sac and adjacent a wonderful park, and has a great walking score just minutes from the thriving-sought after Silver Lake Sunset Blvd neighborhood! It consist of Two 3BR-2BA units, Two 2BR-2BA units, Six 2BR-1BA units & Two 1BR-1BA units. Units have central air and heat & some units have balconies. The building has controlled gated parking area, lobby, and common laundry facility. This is an attractive Value-Add Opportunity to increase rents through Capital Improvements & Unit Renovations. Tons of upside potential on rents in a very strong market. It is also centrally located with easy commutes to Downtown LA, Hollywood & easily accessible to major freeways. Don't miss out on this excellent investment opportunity offering at 14.61 GRM and 4.03 cap.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range
Laundry Common Area
Exterior
Parking Features Assigned, Controlled Entrance, Covered
Pool None
Community Features Curbs, Park, Sidewalks
View Y/N No
View None
Total Parking Spaces 19
Private Pool No
Building
Lot Description Sprinklers None
Story Multi/Split
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Others
Senior Community No
Tax ID 5427017037
Energy Description 3136.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Daniel Portillo eXp Realty of California, Inc.