2703 W. Bellevue Avenue 90026
8-Unit Income Property in Silver Lake!
Offered at: $1,500,000
Type: Multi-Unit / Bedrooms: 14 / Baths: 8
Living Area: 6,612 Square Ft. / Lot Size: 9,626
A tremendous opportunity to buy an income property in red-hot Silver Lake. This well-maintained complex includes a duplex built in the 1920’s and six non-rent control units of 1986 construction, eight units in total. The “townhome” style duplex has 2 bedrooms + 1 bathroom each with generous living space of approximately 1200 square feet per unit. Of the six other units, four are 2-bedroom, 1 bathroom units and two are 1-bedroom, 1 bathroom units. Current rents offer a 35 +% upside potential on total rental income. All units are separately metered for gas and electric, and there are 8 parking spaces. This easy-to-maintain building has been under the caring ownership of one family for 30 years. Monthly expenses are exceptionally low, it’s truly an investors dream.