Property Detail

Description

Silver Lake triplex generating approximately $157,800 in annual gross income with a 5.75% in-place cap rate and 5.9% pro forma cap rate. Situated on a unique street-to-street hillside lot, this well-maintained property offers an exceptional opportunity for investors, owner-users, or multigenerational living. The property features three separate units, including a spacious 5-bedroom residence currently rented month-to-month at $7,390 per month, creating flexibility for future owner occupancy, continued rental income, or value-add potential. The additional units provide stable cash flow in one of Los Angeles’ most desirable rental markets. Features include dedicated parking, separate unit access, abundant natural light, attractive city and hillside views, and a versatile layout suited to a variety of ownership strategies. The property’s elevated setting captures the character and lifestyle that make Silver Lake one of the city’s most sought-after neighborhoods. Ideally located near the Silver Lake Reservoir, Sunset Junction, Echo Park, Downtown Los Angeles, popular dining destinations, shopping, parks, and entertainment. Silver Lake Dog Park, Bellevue Recreation Center, and major commuter routes are all conveniently accessible. Recently reduced to $2,198,000. Offering strong in-place income with long-term upside potential, this is a rare opportunity to acquire a high-performing multifamily asset in a premier Los Angeles location.