2300 Lake View Avenue

    Los Angeles (City), CA 90039
    • $1,395,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 19445494
    UPDATED: 60 min ago
    $1,395,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,030
      SQFT
    • $460
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    PRICE DROP! Non-rent controlled large contemporary duplex in fantastic location in the Silver Lake Hills. Unassuming facade belies a large contemporary duplex with ample parking, storage and views! Rare value opportunity to own a huge income duplex property nestled on a coveted Silver Lake street with open air views on a nearly 6000 sq ft lot. Lower unit is 2 bedrooms, 2 bathrooms with bonus office/studio space. Upper unit is a spacious and bright 3 bedroom, 2 bathrooms, each unit with their own laundry hookups and large patios. Recently remodeled with hardwood floors throughout. Building comes with 2 individual garages, large storage space, common laundry room, common hallway and lovely terraced gardening space. Great location with close proximity to the 365 Whole Foods' market, Silver Lake Reservoir, DTLA and Elysian Park, as well as convenient 101/5/2 commute access. Over 6 cap and 13.04 GRM at market rents. Great value for a highly desired area. Drive by only.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-20T12:43:38.957. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/93267195

    2300 Lake View Avenue Los Angeles (City), CA 90039

    • Price: $1,395,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 19445494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,030
    SQFT
    $460
    $/SQFT
    1991
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    PRICE DROP! Non-rent controlled large contemporary duplex in fantastic location in the Silver Lake Hills. Unassuming facade belies a large contemporary duplex with ample parking, storage and views! Rare value opportunity to own a huge income duplex property nestled on a coveted Silver Lake street with open air views on a nearly 6000 sq ft lot. Lower unit is 2 bedrooms, 2 bathrooms with bonus office/studio space. Upper unit is a spacious and bright 3 bedroom, 2 bathrooms, each unit with their own laundry hookups and large patios. Recently remodeled with hardwood floors throughout. Building comes with 2 individual garages, large storage space, common laundry room, common hallway and lovely terraced gardening space. Great location with close proximity to the 365 Whole Foods' market, Silver Lake Reservoir, DTLA and Elysian Park, as well as convenient 101/5/2 commute access. Over 6 cap and 13.04 GRM at market rents. Great value for a highly desired area. Drive by only.
    Exterior Features

    Direction Faces East Garage Spaces 2.00 Lot Size Units Square Feet Parking Features ConcreteGarage - Two Door Parking Total 2.00 Parking YN Yes

    Interior Features

    Appliances FreezerDisposalGas OvenRefrigeratorWater Heater CentralMicrowaveRange HoodDishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Laundry Features Washer IncludedDryer Included Room Type All Bedrooms DownMaster SuiteWalk-In Closet

    Property Features

    Cap Rate 6.11 Gross Multiplier 13.04 Gross Operating Income 107000.00 Improvements Amount 350000 Land Value 830000 Laundry YN Yes Net Operating Income 63646.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number With Carpet 0 Number With Dishwasher 2 Number With Disposal 2 Number With Patio 2 Number With Range 2 Number With Refrigerator 2 Special Listing Conditions Standard Total Actual Rent 87690.00 Total Expenses 39882.00 Zoning Lar2

    Listing provided courtesy of Will Tiao of Tiao Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-20T12:43:38.957. 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. Licensed in the State of California, USA.
     
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