4300 Gateway Ave - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,350,000 USD
510-708-2662
4300 Gateway Ave, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/19
null | 4% Cap Rate

4300 Gateway Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Duplex w/ brand-new ADU in Silver Lake, just one block from Sunset Boulevard and close to Erewhon Silverlake & to popular restaurants and cafes.
  • Consists of two 2-bedroom/1.25-bathroom units and one new studio ADU. Brand-new ADU delivered vacant, offering an ideal owner-user opportunity.
  • Financial Metrics: Pro-forma cap rate of 5.99% and pro-forma GRM of 12.53. Parking and Amenities: Includes three garages and washer/dryer hook-ups.
  • Expense Structure: Tenants cover trash expenses, resulting in low operating costs for the landlord.
  • Financing and Eligibility: Qualifies for residential financing.
  • Neighborhood Perks

OVERVIEW

This charming duplex property at 4300 Gateway in Los Angeles' vibrant Silver Lake neighborhood offers a mix of modern convenience and investment potential. Featuring two spacious 2-bedroom/1.25-bathroom units and a brand-new vacant studio ADU, it's perfect for owner-occupiers or investors seeking strong returns with a 5.99% pro-forma cap rate and 12.53 GRM. Just steps from Sunset Boulevard and trendy hotspots like Erewhon and Intelligentsia Coffee, residents enjoy easy access to top dining, shopping, and entertainment. With three garages, washer/dryer hook-ups in 2 units, tenant-paid trash, and eligibility for residential financing, this low-maintenance gem minimizes landlord expenses while maximizing appeal in a prime location near Santa Monica and Hollywood Boulevards. *2 units plus 1 ADU. Rental square footage includes the estimated square footage of the new ADU. Please contact Luca Jacoli for more information. Please do not disturb tenants. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

3

PRICE/UNIT

$450,000

CAP RATE

4%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,848 SF

ZONING

LAR2

APN/PARCEL ID

5429-004-013

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

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Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

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