Property Detail

Description

A rare and versatile three-unit corner property featuring charming Spanish-style 1 bedroom, 1 bathroom residences in Silver Lake. Ideally located, this property is just moments from Silver Lake Boulevard, the Reservoir, dog park, and Sunset. It includes a charming side-by-side duplex, in addition to a detached rear building, with a vacant residence filled with natural light, separation and privacy. The occupied homes currently generate $4,246/month in gross rents ($50,952 annually). With the rear unit delivered vacant, the property offers immediate flexibility for an owner-user or investor, with projected market rents of approximately $7,400/month ($88,800 annually). Set back from the street, the front duplex offers two spacious side-by-side 1 bedroom, 1 bathroom residences. Each is complete with enchanting built-ins, hardwood flooring, terracotta tile floors, large living room, separate dining room, kitchen with ample storage, and individual laundry rooms -- combining original character with comfortable everyday living. Privately positioned at the rear of the property, the vacant 1 bedroom, 1 bathroom residence sits above a four-car garage and is accessed by its own entry and interior staircase. Filled with natural light, the home offers a generous living room, beautiful built-ins, and an airy bedroom with ample storage. The kitchen includes plenty of cabinetry and an adjoining laundry area with an in-unit washer and dryer. Two of the garage spaces are designated for this residence, providing valuable parking and additional storage. A gated driveway separates the two buildings and creates, not only privacy, but an additional outdoor space and an inviting spot for a morning coffee, reading, or relaxing outside. The property is located within close proximity to Silver Lake's most beloved neighborhood destinations, including LAMILL Coffee, L&E Oyster Bar, Botanica Restaurant & Market, and Bar Besito. With three distinct residences, four garage spaces, a vacant unit, and meaningful rental upside, this is a compelling opportunity for an owner-user or investor in one of Los Angeles' most sought-after neighborhoods.