$100K Price Drop! Seller Motivated! Investor’s dream property in the desirable upscale neighborhood of Silver Lake! This 5 unit turn-key apartment complex is an incredible opportunity for an investor wanting passive income. Completely renovated to the nines, all five units in the building are 2 bedroom/ 1bath units with both bottom units boasting a private patio area. New roof, new tankless water heaters, new subpanels with upgraded electrical, new stainless steel appliances and new mini-split A/C systems are just some of the amazing upgrades done to the property. As a bonus, the complex has a 3 car garage that is an RTI 1bed/1bath, ADU adding to your overall income.
Centrally located, this property sits in the heart of Silver Lake with all the hot entertainment spots just around the corner. Priced to sell at $2,750,000, the property has an incredible market GRM of 13.97 and 5.6% cap after adding the RTI ADU! Separately metered for gas and electric. Come see it today before it goes!
Email Will Tiao for the Offering Memorandum!
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Take a virtual tour of the property here and here!