2516 Elsinore

  • $1,565,000
Sold Los Angeles, Silver Lake
2516 Elsinore St, Los Angeles, 90026
  • Multifamily
  • Property Type
  • 5
  • Number of Units
  • 4.10
  • Cap Rate
  • 15.83
  • GRM
  • $313,000
  • Price/Unit

Overview

  • Multifamily
  • Property Type
  • 5
  • Number of Units
  • 4.10
  • Cap Rate
  • 15.83
  • GRM
  • $313,000
  • Price/Unit

Description

A great opportunity to buy a non-rent controlled income property in red-hot Silver Lake, either as owner-user or landlord.

This well-maintained 5 unit complex includes a 3,000+ sq ft home built in 2009 that features 4 bedrooms (2 master suites), 3.5 bathrooms, a den and large eat-in, “chefs” kitchen.

At the rear of the property is a fourplex. Two units are 2 bedroom + 1 bath, and two are 1 bedroom + 1 bath. Current monthly income from the 4 rear units is $3,914 with approximately 25% upside. There are 6+ parking spaces.

The property has been under the caring ownership of one family for 40 years. The front house will be delivered vacant, ideal for an owner occupant or projected rent of $4,500 per month.

Details

  • Property Type: Multifamily
  • Property Status: Sold
  • Property Size: 5,290 Sq Ft
  • Lot Size: 7,144 Sq Ft
  • Bedrooms: 10
  • Bathrooms: 7.5
  • Year Built: 2009
  • Price: $1,565,000
  • Number of Units: 5
  • Price/Unit: $313,000
  • GRM: 15.83
  • Price/SqFt: $296
  • CAP: 4.10
  • Address 2516 Elsinore St
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90026
  • Area Silver Lake

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