Est. cap rate

1.7%

Assumed rent, all units

$5,000/mo

Units

2

Price per unit

$874,444

Est. annual NOI

$30,000

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,767 sqft

Lot size

6,511 sqft

Year built

1939

Stories

1

Garage spaces

3

Style

Mid Century Modern

Heating

Wall Furnace,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

Orchard,Hills

Status

Active

Days on market

68

MLS #

245972591

About this property

RARE SILVER LAKE MULTI-FAMILY COMPOUND WITH DETACHED INCOME-PRODUCING STUDIO! A unique opportunity offering approximately 2,767 SF of combined living space, a spacious main residence plus a legal detached studio apartment with its own separate address, 3-car garage, expansive garden and an extraordinary collection of mature fruit trees. The Main Residence at 2572 Silver Ridge Ave offers approximately 2,227 sf with 4 bedrooms, 2.5 bathrooms. The versatile 4th bedroom can also serve as a spacious bonus room, home office or den. Highlights include a large living room with custom stained-glass window, separate dining room with original oak hardwood floors, central air and heat, new carpeting, and new luxury vinyl plank flooring in kitchen and bathroom areas. The detached studio residence at 2579 Lake View Ave offers approximately 540 sf with its own kitchen, bathroom with shower, open-concept living area, hillside and mountain views, and dedicated tankless water heater. Previously rented for $2,000/month approximately 1.5 years ago, offering attractive potential for rental income, extended family, guests or a private home office. Step outside to a remarkable garden filled with mature fruit trees, including a magnificent 60+ year-old lychee tree, plus mango, longan, starfruit, sapote, persimmon, dragon fruit, jujube, fig, guava, pomegranate, tangerine, and Thai lime. Three outdoor patios, a greenhouse, and a distinctive semi-precious rock fountain created by the original owner add to the property's one-of-a-kind character. Additional features include a 3-car garage, basement laundry area, and a fully paid-off LifeSource whole-house water filtration system. Ideally located near Whole Foods, Atwater Village, Griffith Park, Downtown Los Angeles, Dodger Stadium, restaurants, cafes, and convenient freeway access. TWO RESIDENCES, TWO ADDRESSES, RENTAL-INCOME POTENTIAL, ABUNDANT OUTDOOR SPACE AND AN EXTRAORDINARY GARDEN---ALL IN ONE DISTINCTIVE SILVER LAKE PROPERTY. See Virtual Home Tour link: https://youtu.be/hkPZyuXrcxA

Location

2572 Silver Ridge

Los Angeles, Los Angeles, CA, 90039