Silver Lake 11 Unit Apartment
11 Unit Apartment Building | $3,450,000 ($313,636/Unit) | 3.77% Cap Rate | Los Angeles, CA 90026
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,450,000
- Property Type
-
Multifamily
- Square Feet
- 6,772 SF
Listing Contacts
Lena Byun
Verified Profile
- Property Info
Property Overview
Explore the extraordinary potential of this remarkable 11-unit, 2-story multi-family income property nestled in the heart of Silver Lake, Los Angeles. Ideally positioned at 3125 London St, this property spans a generous 13,669 sqft lot (0.31 acres) and strategically graces the corner of London St. and Silver Lake Blvd. The property has been thoughtfully modified to 11 larger units, including 1 x two bedroom 2 bathroom unit(Unit 5-Unit 6 Combined), 9 x one-bedroom, one-bathroom units, and 1 x studio unit. Enriched by its prime location within the Silver Lake community, this property presents a substantial rental upside potential of 30-40%. Currently, the owner occupies four units, including a two-bedroom unit, generating a monthly total gross income of approximately $16,000. The property, featuring 15 parking spaces, offers further potential for enhancement, ensuring increased income opportunities. Convenience meets accessibility, as the property is strategically situated near the entry and exit points of the 101 Freeway. In addition, the exciting prospect of acquiring the adjacent commercial land at 520 Silver Lake Blvd (Land Size: 11,326 sqft/0.26 acres), opening avenues to enhance the property's value and potential usage options. Don't miss out on this incredible investment opportunity in Silver Lake!!
Property Details
- Class
- C
- Year Built
- 1956
- Stories
- 2
- Lot Size (sq. ft)
- 13,504 SF
- Units
- 11
Highlights
- Silver Lake, 11 Unit APT
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