Property Detail

Description

732 Robinson St | 4-Unit Residential Income Property in Prime Silver Lake. Built in 1949 on a 6,616 SF lot with 2,892 SF of improvements, this well-maintained asset features an attractive unit mix of (3) 1-bed/1-bath units and (1) 2-bed/2-bath unit. (1) 1-Bed/1-Bath Unit will be delivered vacant. The property has been thoughtfully improved over time with updated interiors and well-kept common areas, offering a peaceful, greenery-filled setting with a rare sense of privacy just moments from Sunset Junction and the heart of Silver Lake. Offered at $1,500,000 ($375,000/unit | $518.67/SF) with a 4.53% in-place cap rate and 7.33% pro forma cap rate, the property provides immediate upside through leasing the vacant unit and long-term value potential through organic rent growth. A key differentiator is the inclusion of a sizable storage structure with rear access, offering added flexibility and potential future ADU conversion (buyer to verify).