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$ 2,750,000
Est. payment | /mo
6,416 SqFt
$ 2,750,000
Est. payment | /mo
6,416 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,416 sqft
Price per Sqft $428
MLS Listing ID CL26866393
HOA Y/N No
Year Built 1991
Lot Size 6,501 Sqft
Acres 0.1492
Property Sub-Type Other
Property Description
FIRST TIME ON THE MARKET IN OVER 20 YEARS! Exclusive 8-Unit Apartment Building in the Heart of Silver Lake. Rare opportunity to acquire a beautifully maintained 8-unit apartment building in one of Los Angeles' most sought-after rental markets, Silver Lake. This exceptional income-producing asset generates nearly $19,000 per month in gross rental income, offering investors immediate cash flow with additional upside potential. This charming Streamlined Moderne-style building exudes character and architectural appeal while blending timeless design with thoughtful renovations. Several units have been tastefully upgraded with modern finishes, including beautiful Spanish tile flooring, enhancing tenant appeal while reducing future capital expenditures. The upper units boast dramatic 20-foot ceilings, multiple private balconies, abundant skylights, and an incredible amount of natural light, creating bright and spacious living environments. Select units also feature breathtaking panoramic views of the Silver Lake Reservoir, the surrounding mountains, and the iconic Griffith Observatory. The property is fully gated, providing residents with privacy, security, and peace of mind.The property presents an attractive combination of stable income and future value-add potential, making it an ideal investment for both seasoned multifamily investors and those looking to expand their portfolio in one of Los Angeles' strongest rental markets.Prime Silver Lake Location: Situated in the vibrant heart of Silver Lake, residents enjoy an unbeatable lifestyle within walking distance of the scenic Silver Lake Reservoir, surrounding parks, the popular dog park, Whole Foods, and an outstanding collection of acclaimed restaurants, trendy cafes, wine bars, and boutique shopping. The property is centrally located just minutes from the 5 and 2 Freeways, providing convenient access throughout Los Angeles. Residents are only a 1015 minute drive from Los Feliz, Hollywood, Downtown Los Angeles, Echo Park, Eagle Rock, Pasadena, and many of the city's most vibrant neighborhoods. With its exceptional architectural charm, strong rental income, upgraded units, panoramic reservoir views, gated setting, and one of the best locations in Silver Lake, this is a rare opportunity to acquire a premier multifamily asset in one of Los Angeles' most desirable and continually appreciating neighborhoods.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5439001031
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Listed by Laura Meldere • Beverly & Company Luxury Properties
NEARBY SCHOOLS & PROPERTIES
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