Silver Lake
Fourplex
Rare fourplex with huge upside in ultra-trendy Silver Lake just a quick walk to the Reservoir, Whole Foods, and more! Two units will be delivered vacant - a perfect opportunity for owner occupiers and investors looking to max out return or fix and flip. This is the lowest price tag on any fourplex in all of Silver Lake!
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$1,550,000
3.93% (current)
5.81% (pro forma)
16.66 (current)
12.92 (pro forma)
2,730 sqft
4x 1b/1b
Separate gas/power meters
Coin operated washer/dryer
4 gated parking spaces
Two vacant units
Real hardwood floors
Prime Silver Lake location
Open floorplan units
Click to View Photos
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The Neighborhood
5-Minute Walk
Whole Foods 365, Starbucks, Astro Family Restaurant, Constellation Coffee, Michelangelo Ristorante, Ivanhoe Restaurant & Bar, CVS, Pizza Cafe LA, Wongs Walk
5-Minute Drive
Silver Lake Reservoir, Trader Joe's, Edendale Restaurant, Red Lion Tavern, Salazar, Morning Service Coffee, Frogtown Brewery, Silver Lake Library, Cha Cha Lounge, Little Pine
$5 Uber Ride
Hyperion Public, Silver Lake Meadows, Magpie's Softserve, The Friend, Gelson's, Wanderlust Creamery, Bon Vivant, Cafecito Organico, Blair's Italian, Mixto, Tomato Pie
Submit your offers now!
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Massive upside- Potential to push to a 5.81% return!
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HUGE VALUE ADD POTENTIAL!
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The best price per square foot and cap rate you can find in Silver Lake!
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Potential for 1 or 2 ADU’s! Would add tremendous value!
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2 of 4 units will be delivered vacant! Potential for more future vacant units.
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Ideal for both owner occupiers & investors!
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A+++ location a short walk to the Silver Lake Reservoir & Whole Foods
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Large private parking lot that sits behind a motorized security gate
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Located in the Ivanhoe School District, which is considered one of the best elementary schools in LA!