721 Silver Lake

    Los Angeles (City), CA 90026
    • $2,500,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 19507048
    UPDATED: 29 min ago
    $2,500,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,154
      SQFT
    • $406
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    721 Silver Lake Blvd is a 10-unit value-add opportunity located in Silver Lake (90026). The property offers investors a unique and rare opportunity to immediately add value as current rents are below market rents for nearly all 10 units. The offering consists of ten (10) one bedroom / one bath units averaging +/- 615 square feet per unit. Each unit features original 1940's character typical of the era. Ample vehicle parking provided in 7-8 on-grade spaces. Both Electrical and Gas utilities are separately metered. Centrally located in Los Angeles, just south of Sunset Boulevard, the 721 Silver Lake Blvd is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake submarket. Furthermore, the subject property's transit-oriented and highly walkable location offers residents access to a of myriad entertainment venues, cultural destinations, and dining options.

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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/98651086

    721 Silver Lake Los Angeles (City), CA 90026

    • Price: $2,500,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 19507048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,154
    SQFT
    $406
    $/SQFT
    1949
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    721 Silver Lake Blvd is a 10-unit value-add opportunity located in Silver Lake (90026). The property offers investors a unique and rare opportunity to immediately add value as current rents are below market rents for nearly all 10 units. The offering consists of ten (10) one bedroom / one bath units averaging +/- 615 square feet per unit. Each unit features original 1940's character typical of the era. Ample vehicle parking provided in 7-8 on-grade spaces. Both Electrical and Gas utilities are separately metered. Centrally located in Los Angeles, just south of Sunset Boulevard, the 721 Silver Lake Blvd is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake submarket. Furthermore, the subject property's transit-oriented and highly walkable location offers residents access to a of myriad entertainment venues, cultural destinations, and dining options.
    Exterior Features

    Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.70 Gross Multiplier 14.84 Gross Operating Income 165079.00 Improvements Amount 249793 Land Value 57747 Laundry YN Yes Net Operating Income 116562.00 Special Listing Conditions Standard Total Expenses 48517.00 Zoning Lar3

    Listing provided courtesy of Nick Astrupgaard of Kw Commercial Studio City and Rich Johns 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,