Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building. Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1,650,000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property caters to a diverse range of tenants. The meticulously restored units showcase modern upgrades and stylish finishes, ensuring tenant satisfaction and maximizing rental potential. Convenient amenities include two garages, four on-grade parking spaces, and separate metering for electricity and gas in each unit. The front building, constructed in 1960, houses four of the 2-bedroom units, while the rear duplex offers a spacious 2-bedroom unit over a double car garage and a 1-bedroom unit. Currently under professional management, this property offers a seamless investment opportunity with the option for personal management. Don’t miss out on this rare chance to own a premium income-generating property in one of Silver Lake’s most sought-after neighborhoods. Take advantage of the assumable loan and secure your place in this thriving real estate market today!
Property Details
Price:
$2,795,000
MLS #:
24420339
Status:
Active Under Contract
Baths:
0
Address:
639 Robinson Street
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Jul 29, 2024
State:
CA
ZIP:
90026
Lot Size:
6,618 sqft / 0.15 acres (approx)
Year Built:
1931
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Heating
Central
Exterior
Garage Spaces
2.00
Parking Features
Assigned
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address639 Robinson Street Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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639 Robinson Street
Los Angeles, CA
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