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122 N Westlake Avenue , 122 - 120

Silver Lake, CA 90026
  • $1,385,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: GD22077061
UPDATED: 63 min ago
$1,385,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Brett Hazard of Compass (626-205-4040)


Description

Development Opportunity for 6 total units in Silverlake / Echo Park.The plans / renderings are conceptual & the property will be delivered vacant.Conceptual plans offer nearly 8,800 SF of living space throughout the 6 units.Two units are 4 bed 4 bath - Two units are 5 bed 5 bath - and Two units are 3 bed 2 bath (ADUs) - 11 total parking spacesPerForma Annual Rent $372,000.The zoning is RD1.5 with ally access; tier 2 TOC.Marketing package available upon request!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127769011
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122 N Westlake Avenue , 122 - 120 Silver Lake, CA 90026

  • Price: $1,385,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 63 min ago
  • ID#: GD22077061
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1922
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
Development Opportunity for 6 total units in Silverlake / Echo Park.The plans / renderings are conceptual & the property will be delivered vacant.Conceptual plans offer nearly 8,800 SF of living space throughout the 6 units.Two units are 4 bed 4 bath - Two units are 5 bed 5 bath - and Two units are 3 bed 2 bath (ADUs) - 11 total parking spacesPerForma Annual Rent $372,000.The zoning is RD1.5 with ally access; tier 2 TOC.Marketing package available upon request!
Exterior Features

Lot Features Near Public TransitValue In Land Number Of Separate Electric Meters 0 Parking Features Assigned Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common WallEnd Unit

Property Features

Additional Parcels YN No Cap Rate 5.56 Common Interest None Community Features Sidewalks Disclosures Rent Control Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 31000 Gross Scheduled Income 372000 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash To New LoanConventionalSubmit Net Operating Income 277846.8 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 0 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source PublicOther



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Brett Hazard of Compass (626-205-4040)