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R3 ZONED! Seize this outstanding opportunity to own a SIX-UNIT, income-producing property in the highly sought after Los Angeles enclave of Silverlake! Located just a short walk from the beautiful Silver Lake Reservoir, scenic meadows, and the popular dog park! This property offers a fantastic blend of feeling immersed in a flourishing nature setting, while still just minutes to DTLA & many amazing local attractions! Set on a lush expansive lot with mature, fruit-bearing avocado, fig, and lime trees! Each unit on this property is separately metered for utilities. Promoting a streamlined and efficient investment. Recently upgraded dual-pane windows enhance energy efficiency and comfort. The property also features five covered carport spaces plus two additional uncovered parking spaces—ideal for tenants and visitors alike. From the upper level of the rear unit, enjoy gorgeous pocket views of Silver Lake and the iconic Griffith Park Observatory Dome! With the current R3 zoning, there’s tremendous future potential to add up to six additional units (12 total), maximizing equity & income potential. Alternatively, live in one unit and let the income from the other five rentals substantially offset your ownership costs. Perfectly situated within walking distance of top-tier shopping & dining options. Including Gelson’s, Whole Foods, Silverlake Wine, The Red LionTavern, and Trader Joe’s! Don’t miss out on this exceptional commercial investment opportunity in one of LA’s most desirable locations! Call today to schedule your private showing.
Property Type(s):
Commercial
| Last Updated | 10/31/2024 | Year Built | 1923 |
|---|---|---|---|
| Community | Silver Lake - Echo Park | County | Los Angeles |
Additional Details
| AREA | Silver Lake - Echo Park |
|---|---|
| LOT | 7378 sq ft |
| LOT DESCRIPTION | Front Yard, Garden, Near Public Transit |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Keller Williams VIP Properties
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