Archive for the ‘Income Properties’ Category
2318 & 2320 Earl Street In Silver Lake
2318 & 2320 Earl Street
Los Angeles, CA 90039
Two Units: 2 BR, 1.5 BA each
$699,000
This mid-century modern duplex in the Silver Lake Hills features Reservoir views. The property was built in 1964 and is on Earl Street, near other architectural homes (including a number of Neutra homes).
The front unit has 2 bedrooms, 1.5 baths and features high, wood beamed ceilings, a wood burning fireplace, and bamboo floors throughout.
Neutra’s Koblick House in Silver Lake
1816 Silverwood Terrace
Los Angeles, CA 90026
3 BR, 2 BA
$849,000
Richard Neutra’s Koblick House was built in 1937 for art professor Harry Koblick. I saw the three-story duplex, located in the hills above Silver Lake, when it first came on the market last month. It came on with an accepted offer, but now it’s back on as an active listing. The 1,620 square foot architectural is in good condition–albeit close to original–and there are two vacant lots on either side.
The upper unit has 2 bedrooms and 1 bath and currently rents for $1,890 a month. The lower unit has 1 bedroom and 1 bath and rents for $1,080 a month. Since the rents are a bit low, this property would be ideal for a collector looking to occupy the entire residence, rather than a buyer seeking an income property.
The duplex is sited on a 6,403 square foot lot. There are built-ins, hardwood floors and lots of light through large windows.
2953 Effie Street In Silver Lake
2953 Effie Street
Los Angeles, CA 90026
6 Units – 1 BR, 1 BA each
$995,000
This quintessential mid-century modern apartment building is in a prime Silver Lake location–just a hop from LAMILL Coffee, a skip from The Satellite, and a jump from the Silver Lake Reservoir.
Built in 1954, the 4,080 square foot apartment complex includes six 1-bedroom, 1-bath units. The current annual income is $89,376, with several units having upside potential.
1310 Mohawk Street In Echo Park
1310 Mohawk Street
Los Angeles, CA 90026
Front house: 3 BR, 2 BA
Back house: 2 BR, 1 BA (tenant occupied)
SOLD for $715,000.
Earlier this month, I gave you guys a sneak peek of my new listing, a newly rehabbed Echo Park bungalow. Now it’s officially on the market!
Built in 1905, this two-on-a-lot duplex features a remodeled, 1,279 square foot, 3 bedroom, 2 bath front house with an open floor plan and modern feel. The 674 square foot back house is tenant-occupied with 2 bedrooms and 1 bath. This is a great opportunity to live in a gorgeous home and earn additional income to help pay the mortgage.
The main house offers lots of upgrades, including central heat and a/c, all new plumbing and electrical, tankless water heater, high-end finishes, stainless steel GE appliances, Kohler bathroom fixtures, and much more. The remodel was done by All That Is Solid, who just won the Envisioning Silver Lake Design Competition for the new plaza and monument at Silver Lake’s Sunset Junction.
Coming Soon: Remodeled Bungalow In Echo Park
1310 Mohawk Street
Los Angeles, CA 90026
Front house: 3 BR, 2 BA
Back house: 2 BR, 1 BA (tenant occupied)
Call for listing price
I’m very excited to give my Take Sunset readers a sneak peek at one of my upcoming listings! This beautifully remodeled bungalow was built in 1905 and it includes tons of improvements–central heat and a/c, all new plumbing and electrical, tankless water heater, high end finishes, stainless steel GE appliances, Kohler bathroom fixtures, and much more.
The main house is 1,279 square feet and is vacant. The back house is 674 square feet and has a tenant. This is a great opportunity to live in a gorgeous home and make income to help pay your mortgage! The home is in a great Echo Park location, extremely close to Silver Lake and Sunset Junction.
If you’d like to see this remodeled home before it hits the market, email me or call me at 323-775-6305!
Three Eastside Duplexes Under $600k
In the past few weeks a handful of new income properties have hit the market in Silver Lake and Los Feliz. Below are three properties, all priced under $600k. Each one represents an opportunity to live in a great neighborhood and collect rental income at the same time. Which one would you buy?
4354 Russell Ave
Los Angeles, CA 90027
$599,000
Unit 1 – 3br/2ba delivered vacant
Unit 2 – Studio apartment collecting $650 in rent
More info and pics click here.
1023 Myra Ave
Los Angeles, CA 90029
$579,000
Unit 1 – 1br/1ba collecting $1,580 in rent
Unit 2 – 1br/1ba delivered vacant
More info and pics click here.
3817 Effie St
Los Angeles, CA 90026
$565,500
Unit 1 – 1br/1ba collecting $1,275 in rent
Unit 2 – 2br/1ba collecting $2,400 in rent
More info and pics click here.
For more information or to see any of these properties in person, email me or call me at 323-775-6305!
4354 Russell Ave listing courtesy of Dan Ortega, Keller Williams-Los Feliz.
1023 Myra Ave listing courtesy of Matt Morgus, Keller Williams-Los Feliz.
3817 Effie St listing courtesy of Steve Senigram, Keller Williams-Los Feliz.
1534 Murray Circle In Silver Lake
1534 Murray Circle
Los Angeles, CA 90026
3 BR, 2.5 BA (Residential/Income)
$899,000
This charming Spanish duplex was built in 1923 and is located in a great part of Silver Lake. It features an elevated living room with views of the Hollywood Hills and beyond. The property offers two units–ideal for a live/rent opportunity. The first unit has 2 bedrooms and 1 1/2 baths, and the second unit has 1 bedroom and 1 bath.
The interior has lovely period details, like built-ins and crown molding. There is 9,000 square feet of outdoor space with tremendous views from the front and back of both homes.
2295 Cazador Drive In Glassell Park
2295 Cazador Drive
Los Angeles, CA 90065
5 BR, 3 BA
$529,000
This spacious three bedroom, two bath Better Shelter home in Glassell Park also includes an additional, detached two bedroom, one bath guesthouse that brings in $1,060 per month with a current tenant already in place.
It’s move-in ready and features xeriscaping, a tankless water heater, hardwood floors, new appliances, and a master suite with its own bathroom.
2419 Berkeley Avenue In Silver Lake
2419 Berkeley Avenue
Los Angeles, CA 90026
3 BR, 3 BA
$788,000
This property features two beautiful California Bungalows on a large lot set high above the street with private alley access. In the main house, French doors lead from the master suite to the spacious deck with a spa and tree line views.
There are period wood details, an arts and crafts tile fireplace, wood floors, and updated systems throughout.
1833 Echo Park Ave In Echo Park
1833 Echo Park Ave
Los Angeles, CA 90026
4 BR, 3BA (plus 1BR, 1BA rental unit)
$775,000
Those looking for a new home in the hills of Echo Park know that new listings in this price range have been slow as of late. This classic 1920s Craftsman home has an abundance of charm, space (plenty of storage, closets and parking) and is in a great location. Fix up the main house and rent out the back cottage and you’re getting yourself a great deal here.
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