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    2480 Silver Lake Blvd

    Los Angeles, CA 90039
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • ID#: 20-616226
    Under Contract
    UPDATED: 37 min ago
    $899,000
    • 3
      BEDS
    • 0.07
      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 the Combined LA/Westside Multiple Listing Service as of 2020-09-25T12:44:08.487. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/108739253
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    2480 Silver Lake Blvd Los Angeles, CA 90039

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • ID#: 20-616226
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1929
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    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

    Cross Streets India St And Silver Lake Blvd. (Glendale Bl And Fl Direction Faces West Entry Location Ground Level W/Steps Lot Description 2-4 Lots Lot Size Area 3000 Other Structures None Parking Garage Garage Style Spanish Total Parking 2 View Description Hills View YN Yes

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 2.00 Common Walls Detached/No Common Walls Cooking Appliances Free Standing Gas Cooling Wall/Window Equipment DishwasherRange/OvenStackable W/D Hookup Flooring HardwoodTile Foundation Details Raised Heating Wall Gas Laundry Room

    Property Features

    Assessed Total Value 831166 Gross Income 57600 Gross Operating Income 57600 Like Units1 1 Like Units2 1 Net Operating Income 44900.00 Number Of Buildings 2 Number Of Units 2 Owner Pays GardenerWater Sale Type Standard Security Features Gated Source Lot Size Area Assessor Tenant Pays InsuranceCable TvElectricityGas Total Annual Expense 12700 Type Of Units Two-On-A-Lot Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Suzanne Chai DRE#01923205 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T12:44:08.487. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583