Remarks

R3 ZONED SILVER LAKE GEM – SIX UNITS + DEVELOPMENT POTENTIAL!!! Unlock exceptional value and future opportunity with this rare income-generating 6-unit property in the heart of Silver Lake, one of Los Angeles’ most coveted and vibrant neighborhoods! Just a short stroll from the scenic Silver Lake Reservoir, lush meadows, and the community-favorite dog park, this property delivers the perfect fusion of urban convenience and natural tranquility. Nestled on a generously sized, verdant lot, the grounds are dotted with mature, fruit-bearing avocado, fig, and lime trees, creating a serene retreat for tenants and owners alike. Each of the six units is individually metered for utilities, ensuring straightforward management and maximizing profitability. Recent upgrades include energy-efficient dual-pane windows, enhancing interior comfort and lowering utility costs. The property also features five covered carport spaces and two additional uncovered parking spots, offering a total of seven on-site spaces—an increasingly rare and valuable amenity in the area. The upper rear unit boasts lovely pocket views of Silver Lake and the iconic Griffith Park Observatory dome, offering a unique and desirable perspective of LA’s most iconic landmarks. Zoned R3, the property holds tremendous upside: there’s potential to build up to six additional units (for a total of 12), offering long-term equity growth and significantly expanded rental income potential. Whether you’re a seasoned investor or an owner-user, the flexibility is unmatched—live in one unit and let the other five help pay your mortgage! Just minutes from Downtown LA, less than 2.5 miles to Dodger Stadium, and within walking distance to Silver Lake’s top-tier retail and culinary hotspots—including Gelson’s, Whole Foods, Silverlake Wine, Trader Joe’s, and the iconic Red Lion Tavern—this is truly a can’t-miss opportunity in one of LA’s strongest rental and lifestyle markets. Schedule your private showing today and take the next step toward exceptional returns in a near-unbeatable location!

Details

MLS#: SR25139265
Price: $1,999,990

Sq Ft: 3954.00
Year Built: 1923

County: Los Angeles