$1,750,000
$1,795,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
9,726 Sqft Lot
SOLD DATE : 08/16/2022
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22085053
Sold Date 08/16/22
Construction Status Turnkey
HOA Y/N No
Year Built 1962
Lot Size 9,726 Sqft
Property Sub-Type Triplex
Property Description
A truly fantastic opportunity to own a one-of-a-kind triplex with excellent location, the perfect unit mix, top dollar rent, future potential, owner-user options, spectacular views and single-family home style living away from the hustle and bustle yet a short distance to everything you need. Excellent unit mix consisting of three 2-bed, 1-bath units in two separate buildings. One unit has been extended into a 3-bed, 2-bath floor plan. Two of the units will be delivered vacant so you can rent for top dollar or move in yourself. Perched at the end of a tucked away cul-de-sac at the border of Elysian Heights and Silver Lake, you'd be investing in one of LA's most desirable and growing neighborhoods abundant with arts & entertainment, along with popular spots such as the Lady Byrd Café or Elysian Park Trail for the best balance of city life and nature. The nearly 10K lot offers the possibility of future potential as a large section of the lot is undeveloped making this triplex the perfect choice if you're looking to further improve the property. Buyer to check with city regarding building and permits. The 1st building consists of a 2-bed, 1-bath unit rented to great tenants. This unit features its own 1-car garage with laundry, private driveway, balcony, enclosed outdoor space and great views that stretch all the way to Griffith Park. This building has a large storage area below the living space that screams potential. The 2nd building consists of two 1-car garages and storage on the lower level, the 3-bed unit on the second floor and the second 2-bed unit on top floor. The 3-bed unit enjoys great views and has an attached large deck for easy access to outdoors. The top floor 2-bed unit is in excellent condition and has been left vacant just in case the new owners may want to move in themselves. This unit features hardwood floors and a covered 25'x30' balcony with jaw dropping panoramic views, ideal for entertaining or everyday living! Two additional side-by-side parking spaces in driveway. More parking is possible in front of the garages. Recently painted exterior. Separate addresses, electric, gas and water meters. Easy access to the 5, 101, 110 and 2 FWYs. Close proximity to prime Echo Park, Silver Lake, Los Feliz and DTLA. Park like grounds and private backyard with mature trees. This is a must-see property. It will meet your financial goals as well as personal needs and wants. Shown by appointment only. Do not disturb occupants under any circumstances.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR1
Interior
Interior Features Balcony, In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Storage
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Range, Refrigerator, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, In Garage, See Remarks
Exterior
Exterior Feature Rain Gutters
Parking Features Assigned, Concrete, Driveway, Garage, On Site, Shared Driveway
Garage Spaces 3.0
Garage Description 3.0
Fence Good Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Canyon, Hills, Mountain(s), Neighborhood, Panoramic
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Cul-De-Sac, Front Yard, Gentle Sloping, Landscaped, Near Park, Near Public Transit, Rectangular Lot, Secluded, Walkstreet, Yard
Story Three Or More
Entry Level Three Or More
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Three Or More
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5422024019
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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