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$ 2,100,000
Est. payment | /mo
10 Beds
6 Baths
7,497 Sqft Lot
$ 2,100,000
Est. payment | /mo
10 Beds
6 Baths
7,497 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26218467
Bedrooms 10
Lot Size 7,497 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Truly an incredible Silver Lake asset in one of the most coveted pockets of the city. This property is the perfect addition for an investor, owner-user (house hacker), or value-add investor, with the ability to add 26 ADUs. This asset checks so many boxes. The front Craftsman duplex offers exceptional character and charm. The upstairs residence features 3 bedrooms and 2 bathrooms with high-end renovations, while the downstairs unit also features 3 bedrooms and 2 bathrooms and is available for an immediate owner-occupier. The rear four units are all 2-bedroom, 1-bathroom units and benefit from newer construction built in 1985, providing the updated systems and construction quality many investors are looking for. Four of the six units have experienced turnover and have been completely gut-remodeled. The remaining two units provide an opportunity for tremendous upside. There is approximately 45% upside in the current rents alone, excluding any ADU potential. The property also features a massive six-wide parking lot, with all spaces oversized and approximately 2+ cars deep in tandem. Some tenants have accommodated as many as three vehicles in the past. This parking configuration provides the potential to build approximately 26 ADUs, depending on the investors preferred plan. For example, if an investor elected to build four ADUs, the property could potentially achieve approximately 115% upside, more than doubling its value with an estimated $650,000 investment. This would bring the total investment to approximately $2.7 million, with a projected new value of over $4.3 million.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From Sunset Blvd, head north on Mohawk St. Property is located at 1411 Mohawk St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5424024020
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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