DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS - DRIVE BY ONLY. We are pleased to present for sale this rare 9 Unit Mid-Century investment opportunity located in one of Los Angeles' most sought-after and vibrant neighborhoods Silver Lake. Delivered 67% vacant, with SIX out of NINE units available,… Read More this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset. Built in 1965, the property features an attractive unit mix consisting of (7) 1 Bedroom & 1 Bathroom Units, and (2) 2 Bedroom & 1 Bathroom Units. The building totals approximately 6,358 square feet and sits on a 7,966 square foot lot. It is well parked, providing 9 on-site parking spaces (per the CofO Buyer to Verify). Zoned R2-1VL, the property is poised for an astute investor to pursue a full renovation of the interior and exterior of the vacant units and add Accessory Dwelling Units(Buyer to Verify Feasibility). Note: Soft Story Retrofit work has NOT been completed. Strategically positioned in the vibrant core of Silver Lake with a walk score of 93 (Walker's Paradise), tenants will enjoy close proximity to premier retail corridors on Sunset Blvd, as well as convenient access to Hollywood & Los Feliz. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, REAP Status, and the ability to construct ADUs or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Montebello, San Gabriel, and Alhambra. Properties can be sold together as a portfolio or individually. Read Less
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
11
Square Ft.
6,358
Lot Size
0.18 Acres
Year Built
1965
MLS Number
25628533
30 Days Snapshot Of 90026
$1.96M
+26%
(avg) sold price
5
-54%
homes sold
40
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
6,358 sq ft, Built in 1965, Levels: Two
Disclosures
As Is
Garage
Carport, Above Street Level
Laundry
Community
Lot
LotAcreage: 0.1829, LotSizeArea: 7,969
Parking
TotalParking: 9
Property
NumberOfUnits: 9, Zoning: LAR2
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