3121 Silver Lake Blvd - Apartments FOR SALE


Los Angeles, CA 90039- Atwater Village
$1,850,000 USD
626-538-7455
3121 Silver Lake Blvd, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/28
null | 4.86% Cap Rate

3121 Silver Lake Blvd
Los Angeles, CA 90039
Atwater Village


HIGHLIGHTS

  • It is in a great Atwater location and is a very nice property with plenty of neighborhood parking.
  • Conveniently located within a couple blocks of Atwater Village Farmer's Market!

OVERVIEW

Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. Three of which are rented with one recent vacancy for a possibly owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be able to build another ADU on the property. Current gross income is approximately $9,400 a month. That will bring you to a total of $11,600/mo once just the garage ADU is completed. It is in a great Atwater location and is a very nice property with plenty of neighborhood parking conveniently located within a couple blocks of Atwater Village Farmer's Market!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$922 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

4.86%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,861 SF

ZONING

LAR1

APN/PARCEL ID

5437-004-042

ASK ABOUT THIS PROPERTY

Travis ElyStarlight PartnersMore Info
626-538-7455

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Travis ElyStarlight PartnersMore Info
626-538-7455

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