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    2480 Silver Lake Boulevard

    Los Angeles (City), CA 90039
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 49 days
    • ID#: 20616226
    Under Contract
    UPDATED: 50 min ago
    $899,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    2-on-a-lot, Spanish style. Walk to Whole Foods 365, Silverlake Wine, CVS, Gingergrass, Starbucks, Red Lion Tavern, Petco, library, and more. Easy access to 5 and 2 Freeways, Los Feliz, Hollywood, DTLA, Glendale/Burbank. Front unit: 1+1, approx. 600 SF, will be delivered vacant. Back unit: 2+den+1, approx. 900 SF, tenant's lease exp. Apr 2021. Gross annual income $57,600 (market rent, tenants never lapsed in payments). 5% Cap Rate. 15.63 GRM. Investors, these are incredible numbers for prime Silver Lake. This property is also great for owner/user. Each unit has laundry room & 1-car garage. Front unit has a spacious patio that sits above both garages with hillside view. Back unit has a back patio with planting area. Beautiful giant bird of paradise, bougainvillea, & a prolific Meyer lemon tree add to the pride of ownership. Property is completely private and has pedestrian gate from sidewalk . Virtual tour link takes you inside front unit. Click orange dot on TV screen to go to rear unit

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T00:27:49.22. 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/108738383
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    2480 Silver Lake Boulevard Los Angeles (City), CA 90039

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 50 min ago
    • ID#: 20616226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1929
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    2-on-a-lot, Spanish style. Walk to Whole Foods 365, Silverlake Wine, CVS, Gingergrass, Starbucks, Red Lion Tavern, Petco, library, and more. Easy access to 5 and 2 Freeways, Los Feliz, Hollywood, DTLA, Glendale/Burbank. Front unit: 1+1, approx. 600 SF, will be delivered vacant. Back unit: 2+den+1, approx. 900 SF, tenant's lease exp. Apr 2021. Gross annual income $57,600 (market rent, tenants never lapsed in payments). 5% Cap Rate. 15.63 GRM. Investors, these are incredible numbers for prime Silver Lake. This property is also great for owner/user. Each unit has laundry room & 1-car garage. Front unit has a spacious patio that sits above both garages with hillside view. Back unit has a back patio with planting area. Beautiful giant bird of paradise, bougainvillea, & a prolific Meyer lemon tree add to the pride of ownership. Property is completely private and has pedestrian gate from sidewalk . Virtual tour link takes you inside front unit. Click orange dot on TV screen to go to rear unit
    Exterior Features

    Architectural Style Spanish Direction Faces West Entry Location Ground Level W/Steps Foundation Details Raised Garage Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 2.00 Parking YN Yes View Hills View YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Flooring WoodTile Laundry Features Individual Room

    Property Features

    Country Us Financial Info As Of 2020-07-31 00:00:00 Gross Income 57600.00 Gross Multiplier 15.63 Gross Operating Income 57600.00 Laundry YN Yes Net Operating Income 44900.00 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays InsuranceCable TvElectricityGas Total Expenses 12700.00 Zoning Lar2

    Listing provided courtesy of Suzanne Chai of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T00:27:49.22. 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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