Overview
- Multifamily
- Property Type
- 2
- Number of Units
- 4.65
- Cap Rate
- 15.05
- GRM
- $664,750
- Price/Unit
Description
Contemporary duplex with great views in fantastic location in the Silver Lake Hills. Unassuming facade belies a large contemporary duplex with ample parking, storage and views! Rare value opportunity to own a huge income duplex property nestled on a coveted Silver Lake street with open air views on a nearly 6000 sq ft lot.
Lower unit is 2 bedrooms, 2 bathrooms with bonus office/studio space. Upper unit is a spacious and bright 3 bedroom, 2 bathrooms, each unit with their own laundry hookups and large patios. Recently remodeled with hardwood floors throughout.
Building comes with 2 individual garages, large storage space, common laundry room, common hallway and lovely terraced gardening space. Great location with close proximity to the 365 Whole Foods’ market, Silver Lake Reservoir, DTLA and Elysian Park, as well as convenient 101/5/2 commute access.
Over 5 cap and 13.97 GRM at market rents. Property is not subject to LA City rent control. Great value for a highly desired area.
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 3,030 Sq Ft
- Lot Size: 5,716 Sq Ft
- Bedrooms: 5
- Bathrooms: 4
- Year Built: 1991
- Price: $1,329,500
- Number of Units: 2
- Price/Unit: $664,750
- GRM: 15.05
- Price/SqFt: $439
- CAP: 4.65
Address
Open on Google Maps- Address 2300 Lake View Ave
- City Los Angeles
- State/county California
- Zip/Postal Code 90039
- Area Silver Lake
