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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):
Residential Income
| Last Updated | 11/6/2024 | Year Built | 1923 |
|---|---|---|---|
| Community | Silver Lake - Echo Park | Garage Spaces | 5.0 |
| County | Los Angeles |
Additional Details
| AREA | Silver Lake - Echo Park |
|---|---|
| FIREPLACE | Yes |
| GARAGE | Assigned, Yes |
| HOA DUES | 0 |
| LOT | 7378 sq ft |
| LOT DESCRIPTION | Front Yard, Garden, Near Public Transit |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Keller Williams VIP Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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