639-641 Robinson St - Apartments FOR SALE


Los Angeles, CA 90026
$2,795,000 USD
323-671-1233
639-641 Robinson St, Los Angeles, CA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/34
null | 4.81% Cap Rate

639-641 Robinson St
Los Angeles, CA 90026


HIGHLIGHTS

  • 100% of Units Have Been Upgraded in 2021 with New Vinyl Flooring, Stainless-Steel Kitchen Appliances, Central Heat/AC, In-Unit Washer/Dryer & More
  • Attractive Assumable Financing is Available at 3.60% interest with approx 7 years left on the fixed portion.
  • Located Right Along the Border of Silver Lake & Echo Park, Residents Enjoy Convenient Access to all the Retail, Entertainment, Restaurants & Nightlife
  • Generates Healthy Income Stream of $17,252 in Scheduled Rent Per Month Across 6 Units
  • Professionally Managed and Maintained by a well know management company.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$686 USD /SF

# OF UNITS

6

PRICE/UNIT

$465,833

CAP RATE

4.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assumable Financing at 3.60% Interest Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,616 SF

ZONING

-

APN/PARCEL ID

5401-015-010

ASK ABOUT THIS PROPERTY

Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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