3700 W Sunset

    Los Angeles (City), CA 90026
    • $3,950,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: 19497762
    Under Contract
    UPDATED: 32 min ago
    $3,950,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,892
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    We are pleased to present The Edgecliff Apartments-(16) unit multifamily investment opportunity located in the highly desirable Silver Lake 3 blocks from the famous Sunset Junction. This building consists of 8,892 SF of living area located on a 6,726 SF lot zoned [Q]C2-1VL. With its exceptional location in prime Silver Lake, a strategic investor will have no problem leasing the units in a high rental demand area and will benefit from the tremendous value add component of this property by taking advantage of natural turnover to rehab the units and rent them for market rates. Some units contain beautiful, unobstructed views of the Hollywood sign and the property is a Walker's Paradise with a Walk Score of 94! This building features: (8) Studio units and(8) 1+1 units. All units are individually metered for electricity and 14 of 16 units are individually metered for gas. Furthermore, zoned [Q]C2-1VL, this property also offers potential for future development. SELLER MAY CARRY FINANCING.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/97811592

    3700 W Sunset Los Angeles (City), CA 90026

    • Price: $3,950,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • ID#: 19497762
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,892
    SQFT
    $444
    $/SQFT
    1917
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    We are pleased to present The Edgecliff Apartments-(16) unit multifamily investment opportunity located in the highly desirable Silver Lake 3 blocks from the famous Sunset Junction. This building consists of 8,892 SF of living area located on a 6,726 SF lot zoned [Q]C2-1VL. With its exceptional location in prime Silver Lake, a strategic investor will have no problem leasing the units in a high rental demand area and will benefit from the tremendous value add component of this property by taking advantage of natural turnover to rehab the units and rent them for market rates. Some units contain beautiful, unobstructed views of the Hollywood sign and the property is a Walker's Paradise with a Walk Score of 94! This building features: (8) Studio units and(8) 1+1 units. All units are individually metered for electricity and 14 of 16 units are individually metered for gas. Furthermore, zoned [Q]C2-1VL, this property also offers potential for future development. SELLER MAY CARRY FINANCING.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 19.84 Gross Operating Income 193195.00 Improvements Amount 199224 Land Value 449548 Laundry YN Yes Net Operating Income 94197.00 Special Listing Conditions Standard Total Expenses 98998.00 Zoning Lac2

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,