Prime Silver Lake location near Koreatown, this well-maintained 12-unit apartment building sits on a 12,669 sqft corner lot with an approx. 6,800 sqft building. Four units will be delivered vacant at closing, creating immediate upside potential. All units are separately metered for gas and electricity, with tenants covering their own… Read More utilities. The property also includes a spacious parking lot for 12 vehicles a rare amenity in this high-demand neighborhood. Silver Lake is known for its vibrant, creative community and attracts young professionals, artists, and tech-driven renters seeking walkability, lifestyle, and culture. Surrounded by trendy dining, cafes, boutiques, and outdoor amenities like the Silver Lake Reservoir, the neighborhood consistently outperforms other LA markets in rental demand and appreciation. With rising incomes, low vacancy, and continued infrastructure and community investment, Silver Lake is positioned for strong long-term growth. With stable income in place, four vacant units for repositioning, and prime location in a thriving rental hub, this property presents an exceptional opportunity for investors to expand their portfolio. Please do not disturb tenants. Drive-by only. Showings for serious buyers with accepted offers. Read Less
Property listed by TRRG Management, Bruce Lee 424-731-9500
Listing Snapshot
Days Online
51
Last Updated
Beds
11
Square Ft.
5,042
Lot Size
0.31 Acres
Year Built
1956
MLS Number
25596397
Additional Details
Building
Built in 1956, Living area: 5042.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $183,600, Net Operating Income: $128,500
Lot
0.3139 acres
Parking
12 total parking spaces, None
Taxes
Parcel Number: 5401023027, Zoning: LARD2
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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