WOW!!! POSSIBLE $500k DOWN WITH BUILT-IN FINANCING, NO LOAN FEES, IMMEDIATE CASH-FLOW!! EXCEPTIONAL SILVER LAKE Corner Property! VACANT 2 Bedroom + Basement Owner's Unit that already has improvements, ongoing! Make it yours - Colors and More! OR, Rent this Vacancy AT Top Dollar Market Rates! Hidden away Silver Lake Corner Property with a Woodsy Curb Appeal. Assumable First Trust Deed: $820, 000 5% FIXED Interest, with NO pre-pay fees, and NO Loan Fees for the Assumption, payable $3, 417/month! Wonderful LUSH LANDSCAPE with Each Unit Private from the other units! Classic Character throughout! (circa 1923) Pre-Depression Construction (built better those days!). THREE Units Include the following: UNIT ONE: VACANT 2 Bed--1 Bath Owner's Unit (includes a Private Lower Level Basement - Estimated Rental Value: $4, 000/month)....Plus UNIT TWO: 2 Bed--1 Bath Unit (Rented for $1, 883/month)....Plus UNIT THREE: 1 Bed--1 Bath Unit ALL UPDATED with pictures online (Estimated Rental Value: $2, 750/month). Great Silver Lake Location! A lovely Woodsy Setting...Storage Structure included in back with Laundry Area! Every Unit has a Private Entrance. Exterior Newly Painted, and so much more! Emotional and Exciting Offering, must see to appreciate! INCOME DETAILS BELOW are based upon projected rent & expenses are based upon Property Taxes & Utilities. Don't miss this one!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Heating and Cooling
- Cooling Features: Air Conditioning
- Heating Features: Combination, Central
Interior Features
- Flooring: Tile, Laminate, Mixed
Exterior and Lot Features
- Other Structures: Accessory Bldgs
Land Info
- Lot Size Acres: 0.0878788
- Lot Size Source: Assessor
- Lot Size Square Feet: 3828
Garage and Parking
- Garage Description: Assigned
- Parking Total: 2
Home Features
- View: Trees/Woods, Tree Top, Hills
- Other Equipment: Built-Ins, Garbage Disposal, Washer, Refrigerator, Range/Oven, Dryer, Dishwasher
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 3
- Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 4000, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2750
Rental Info
- Tenant Pays: Gas, Electric, Special Insurance Insurance
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: Marathon
- Cap Rate: 7
- Directions: West of Silver Lake Blvd. on the Corner of N. Dillon Street and Marathon Street
- Source Property Type: Residential Income
- Area: Silver Lake - Echo Park
- Source Neighborhood: Silver Lake - Echo Park
- Owner Pays: Water, Gardener
- Parcel Number: 5426-013-003
- Postal Code Plus 4: 6205
- Zoning: LARD1.5
- Management Company: Bruce Jay Associates
- Source System Name: C2C
Commercial Info
- Net Operating Income: 102000
Building and Construction
- Total Square Feet Living: 2288
- Year Built: 1923
- Direction Faces: West
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 101
- Property Condition: Updated/Remodeled
- House Style: Spanish
- Year Built Source: Vendor Enhanced
- Architectural Style: Spanish