3125 London St - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$3,450,000 USD
213-760-0044
3125 London St, Los Angeles, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/19
null | 3.77% Cap Rate

3125 London St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Silver Lake, 11 Unit APT

OVERVIEW

Explore the extraordinary potential of this remarkable 11-unit, 2-story multi-family income property nestled in the heart of Silver Lake, Los Angeles. Ideally positioned at 3125 London St, this property spans a generous 13,669 sqft lot (0.31 acres) and strategically graces the corner of London St. and Silver Lake Blvd. The property has been thoughtfully modified to 11 larger units, including 1 x two bedroom 2 bathroom unit(Unit 5-Unit 6 Combined), 9 x one-bedroom, one-bathroom units, and 1 x studio unit. Enriched by its prime location within the Silver Lake community, this property presents a substantial rental upside potential of 30-40%. Currently, the owner occupies four units, including a two-bedroom unit, generating a monthly total gross income of approximately $16,000. The property, featuring 15 parking spaces, offers further potential for enhancement, ensuring increased income opportunities. Convenience meets accessibility, as the property is strategically situated near the entry and exit points of the 101 Freeway. In addition, the exciting prospect of acquiring the adjacent commercial land at 520 Silver Lake Blvd (Land Size: 11,326 sqft/0.26 acres), opening avenues to enhance the property's value and potential usage options. Don't miss out on this incredible investment opportunity in Silver Lake!!

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

11

PRICE/UNIT

$313,636

CAP RATE

3.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Lake 11 Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,669 SF

ZONING

LARD2

APN/PARCEL ID

5401-023-027

ASK ABOUT THIS PROPERTY

Lena ByunNewStar Realty & InvestmentMore Info
213-760-0044

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Lena ByunNewStar Realty & InvestmentMore Info
213-760-0044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.