1651 Golden Gate Ave - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$1,988,888 USD
213-233-4379
1651 Golden Gate Ave, Los Angeles, CA for Sale
$1,988,888 USD
Apartments - FOR SALE
1/20
null | 7.03% Cap Rate

1651 Golden Gate Ave
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Eric Dilanian & Shant Sherbetdjian are Pleased to Present for Sale a Rare 9 Unit Investment (6 VACANT) in Prime Silver Lake, North of Sunset!
  • Delivered with 6 VACANT Apartment Units | Ready for Immediate Renovation into a Striking Mid-Century Modern Asset with ADU Potential -Buyer to Verify
  • Building/ Lot SF: ±6,358 SF on a ±7,966 SF Lot
  • Unit Mix: (7) Spacious 1 Bed & 1 Bath Units, and (2) 2 Bed & 1 Bath & Year Built & Zoning: 1965 | R2-1VL
  • Parking & Walk Score : (9) Spaces Per Certificate of Occupancy | Walk Score: of 93 (“Walkers Paradise”) where daily errands do not require a car
  • Listed Alongside a Portfolio of 49 TOTAL Units, Properties can be sold as a Portfolio or Individually

OVERVIEW

* DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE * Eric Dilanian & Shant Sherbetdjian, The Dilanian Real Estate Advisors & The Southern California Apartment Group, as part of RE/MAX Commercial & Investment Realty, are pleased to present for sale this rare 9 Unit Mid-Century investment opportunity located in one of Los Angeles’ most sought-after and vibrant neighborhoods—Silver Lake. Delivered 67% Vacant, with SIX out of NINE units available, this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset. Built in 1965, the property features an attractive unit mix consisting of (7) 1 Bedroom & 1 Bathroom Units, and (2) 2 Bedroom & 1 Bathroom Units. The building totals approximately ± 6,358 square feet and sits on a ±7,966 square foot lot. It is well parked, providing 9 on-site parking spaces (per the CofO – Buyer to Verify). Zoned R2-1VL, the property is poised for an astute investor to pursue a full renovation of the interior and exterior of the vacant units and add Accessary Dwelling Units (Buyer to Verify Feasibility). Note: Soft Story Retrofit work has NOT been completed. Strategically positioned in the vibrant core of Silver Lake with a walk score of 93 ("Walker’s Paradise"), tenants will enjoy close proximity to premier retail corridors on Sunset Blvd, as well as convenient access Hollywood & Los Feliz. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, REAP Status, and the ability to construct ADUs or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Montebello, San Gabriel, and Alhambra. Properties can be sold together as a portfolio or individually.

FOR SALE DETAILS

PRICE

$1,988,888 USD

PRICE/SF

$313 USD /SF

# OF UNITS

9

PRICE/UNIT

$220,988

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 of 9 VACANT Silver Lake | North of Sunset!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,966 SF

ZONING

R2-1VL

APN/PARCEL ID

5429-023-011

ASK ABOUT THIS PROPERTY

Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.