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$1,999,990
Est. payment /mo
4 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25139254
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
R3 ZONED SILVER LAKE GEM SIX UNITS + DEVELOPMENT POTENTIAL!!! Unlock exceptional value and future opportunity with this rare income-generating 6-unit property in the heart of Silver Lake, one of Los Angeles most coveted and vibrant neighborhoods! Just a short stroll from the scenic Silver Lake Reservoir, lush meadows, and the community-favorite dog park, this property delivers the perfect fusion of urban convenience and natural tranquility. Nestled on a generously sized, verdant lot, the grounds are dotted with mature, fruit-bearing avocado, fig, and lime trees, creating a serene retreat for tenants and owners alike. Each of the six units is individually metered for utilities, ensuring straightforward management and maximizing profitability. Recent upgrades include energy-efficient dual-pane windows, enhancing interior comfort and lowering utility costs. The property also features five covered carport spaces and two additional uncovered parking spots, offering a total of seven on-site spacesan increasingly rare and valuable amenity in the area. The upper rear unit boasts lovely pocket views of Silver Lake and the iconic Griffith Park Observatory dome, offering a unique and desirable perspective of LAs most iconic landmarks. Zoned R3, the property holds tremendous upside: theres potential to build up to six additional units (for a total of 12), offering long-term equity growth and significantly expanded rental income potential. Whether youre a seasoned investor or an owner-user, the flexibility is unmatchedlive in one unit and let the other five help pay your mortgage! Just
Location
State CA
County Los Angeles
Zoning Assessor
Direction Exit Fletcher from the 5 frwy then continue on Fletcher to Glendale Blvd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5439001014
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Listed by David Sevanian Keller Williams VIP Properties
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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