626 Silver Lake Blvd.
Los Angeles, CA 90026
🏠 Property Information
This renovated turnkey duplex in Silver Lake with legally permitted square footage added mixes modern amenities with a vintage twist. The property is well maintained, with each custom upgrades with taste– newer bedrooms, bathrooms, kitchens and flooring are present throughout.
The lower-unit has a gorgeous multi-colored wood panel wall and a spacious kitchen and dining area that opens to a tree-shaded, professionally landscaped yard and garden. The upper level unit has a bright kitchen that opens to its own large outdoor private balcony. Each unit has its own laundry room.
The units are both currently leased with reliable long-term tenants at market rates. This is a great opportunity for an investor to have a reliable income in a wonderful location. A detached two-car at the back of a long, secure electronic gated driveway. Highway 101 and Sunset Boulevard are nearby, along with Silver Lake’s trendy restaurants, bars and clubs.
Great Cap Rate and GRM.
🔨 Owner Talks About Property Upgrades
“My name is Mike and I bought this building about four years ago and it was pretty rundown, beaten up, and we got to work and fixed it all up.
On the lower floor, we added ten feet on the back of the kitchen making a real nice kitchen with the dining area there, and then ultimately did the backyard too. Put in a veggie garden, raised box for the tenants. “
“On the south side of the building, we extended the bedroom and the bathroom out three feet. It doesn’t seem like a big deal, but the rooms there were only eight feet wide at the time. So, adding the three is 30% more floor space area. We rewired the whole building, did some of the plumbing, particularly where we were moving the bathrooms, put down new floors, painted drywall, new stucco, everything, everything.
So, it looks real good, very happy. I am happy with the people that are here, they’re taking great care of the property. The reason I’m selling is, it just been a great fun project and I haven’t had a project in the last couple of years, so I’m going to sell it and go do another one.”