Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

1,459 sqft

Lot size

4,240 sqft

Stories

2

Garage spaces

2

Heating

Electric,Heat Pump

Cooling

Electric,Heat Pump

Status

Active

Days on market

5

MLS #

248682759

About this property

LOCATION & LIFESTYLE - Why not have it all?? You just found a TOTALLY VACANT DUPLEX in the VERY BEST POCKET of Silver Lake!! Start your morning enjoying a coffee on your front balcony as the sun kisses the surrounding hillsides. TIME TO GET YOUR STEPS IN? The 2.2-mile Silver Lake Reservoir loop, THE PLACE TO SEE AND BE SEEN, is just across the street. DOG LOVER? The Silver Lake Dog Park is less than 200 yards away. MEETING FRIENDS? The trendy cafe's, boutiques and restaurants of Silver Lake Village are only a quarter mile away. PLUS, the painted Swan Steps, the Saturday farmers market, Sunset Junction nightlife and the glamorous Vista Theater all close by. Inside, hardwood floors, renovated baths, fresh paint and quiet, energy efficient mini-split heating and cooling make both homes feel bright and new. YOUR FINANCIAL FREEDOM!! Did I already mention that BOTH UNITS ARE DELIVERED VACANT? LIVE IN ONE, RENT THE OTHER: Make the one-bedroom your home and rent the two-bedroom, with the garage, for a projected $3,450 a month ($41,400 a year). At the list price and current interest rates, the rental income would cover about half of your monthly principal and interest. WOULD IT BE BAD TO LET YOUR TENANT PAY FOR HALF OF YOUR MORTGAGE?? Try finding a more affordable way to live in the best pocket of Silver Lake. BUT WAIT!! THERE'S MORE!! Convert the 2-Car garage into an ADU and pick up another $2,000+ per month in rental income. WELCOME HOME to West Silver Lake Drive:)))

Location

1835 West Silver Lake Drive

Silver Lake, Los Angeles, CA, 90026