2516 Elsinore Street 90026
Non Rent Control 5-Unit Building in Silver Lake
Offered at: $1,599,000
Type: Multi-Unit / Bedrooms: 10 / Baths: 7.5
Living Area: 5,290 Square Ft. / Lot Size: 7,144
A great opportunity to buy a non-rent controlled income property in red-hot Silver Lake, either as owner-user or landlord. This well-maintained 5 unit complex includes a 3,000+ sq ft detached home built in 2009 that features 4 bedrooms (2 master suites), 3.5 bathrooms, a den and large eat-in, “chefs”, kitchen. At the rear of the property is a four-plex. Two units are 2 bedroom + 1 bath, and two are 1 bedroom + 1 bath. Current monthly income from the 4 rear units is $8,414 with approximately 25% upside. There are 7 parking spaces. The property has been under the caring ownership of one family for 30 years. The front house will be delivered vacant, ideal for an owner occupant or projected rent of $4,500 per month. Co-listed with Lane Aronson.