Est. cap rate

2.5%

Assumed rent, all units

$8,640/mo

Units

3

Price per unit

$699,333

Est. annual NOI

$51,840

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

Triplex

Bedrooms

8

Bathrooms

4

Building size

4,120 sqft

Lot size

4,783 sqft

Year built

1979

Stories

3

Garage spaces

5

Cooling

See Remarks

Pool

None

View

City Lights,Neighborhood,Hills

Status

Active

Days on market

21

MLS #

247033996

About this property

Exceptional Silver Lake Residence with Two Income-Producing Units A rare opportunity to own a spacious 5-bedroom residence in the heart of Silver Lake while generating additional rental income from two separate units. Situated on a unique street-to-street lot with beautiful city and hillside views, this versatile property offers approximately 4,120. The 5-bedroom main residence offers generous living space, abundant natural light, privacy, dedicated parking and sweeping neighborhood views, ideal for an owner-user looking to make Silver Lake home while benefiting from rental income that located on Silver Lake Dr. with its own private entrance, away from main residence. Two additional residences, a 2-bedroom unit currently renting for $3,200/month and a 1-bedroom unit renting for $2,650/month, provide an attractive opportunity to offset ownership costs or accommodate extended family, guests or separate work/living needs. Ideally located near Silver Lake Reservoir, Sunset Junction, Echo Park and Downtown Los Angeles, with convenient access to some of the neighborhood’s best dining, shopping and entertainment. Live in one residence. Keep the two rentals. Enjoy the best of Silver Lake with income already in place.

Location

1825 N Easterly Terrace

Silver Lake, Los Angeles, CA, 90026