Description
Investor’s dream property in the desirable upscale neighborhood of Silver Lake!
This 6 unit turnkey apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, the building has five 2 bedroom/1bath units and one 1 bedroom/1 bath unit. Both bottom units have private patios. New roof, new tankless water heaters, new subpanels with upgraded electrical, new stainless steel appliances and new mini-split A/C systems are just some of the amazing upgrades done to the property.
Centrally located, this property sits in the heart of Silver Lake with all the hot entertainment spots just around the corner. Priced to sell at $2,850,000, the property has an incredible market GRM of 14.93 and 5.07% cap! Separately metered for gas and electric.
Come see it today before it goes!
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 3694 Sq Ft
- Lot Size: 5,557 Sq Ft
- Bedrooms: 11
- Bathrooms: 6
- Year Built: 1963
- Price: $2,825,000
- Number of Units: 6
- Price/Unit: $470,833
- GRM: 14.93
- Price/SqFt: $764.75
- CAP: 5.12
Address
Open on Google Maps- Address 619 N La Fayette Park Pl.
- City Los Angeles
- State/county California
- Zip/Postal Code 90026
- Area Silver Lake
