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$1,695,000
Est. payment /mo
6 Beds
2,586 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,586 sqft
Price per Sqft $655
MLS Listing ID CRP1-21022
Bedrooms 6
HOA Y/N No
Year Built 1968
Lot Size 8,200 Sqft
Acres 0.19
Property Sub-Type Triplex
Property Description
This triplex presents an exceptional investment opportunity on a quiet street in Silver Lake, conveniently located and just a short distance to Sunset Boulevard. The property comprises three units, two units with two bedrooms and one bathroom, and the third unit with two bedrooms and two bathrooms. This property is well suited for owner-occupants, as one unit is currently vacant, providing the opportunity to reside on-site while generating strong rental income from the remaining units. The property features four tandem parking spaces, accommodating up to eight vehicles, with one tandem space available for additional rental income. The property also features excellent future development potential with nearly 4k sf of unused site area. Conceptual plans are available for constructing two detached Accessory Dwelling Units (ADUs), each designed with three bedrooms, three bathrooms, and approximately 1,400 square feet each. Furthermore, there is potential to construct additional ADUs by converting the carport. Recent changes in CA ADU laws present exciting opportunities for adding more units. With a Proforma Gross Scheduled Income of $132,324 and approx. NOI of $97,240 and an approx. Cap Rate of 5.7 %, this unique opportunity should not be missed.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Exterior
Utilities Available Other Water/Sewer
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5427031006
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Listed by Patrick Cochran • Coldwell Banker Realty