Spanish Style Triplex in Silver Lake

$1,230,000

1406 - 1410 Golden Gate Ave

# of Units: 3

Current/Pro Forma GRM:
17.45/15.53

Current/Pro Forma CAP:
3.50%/4.02%

Price/SF: $880

Building SF: 1,398

Lot SF: 2,726

Zoning: LARD1.5 - Tier 1 TOC

Year Built: 1924

Description​​​

Hedged for privacy this three-unit Spanish Style bungalow is perched above Sunset Blvd on a quiet residential street. One unit to be delivered VACANT February 1st! All units are attached and feature 1 Br +1 Ba each. The building totals 1,398 SF with each unit averaging 466 SF. All units have been tastefully updated throughout the years while maintaining numerous charming original features. There is a shared laundry area on the side of the building, plus a locked storage area. The shared front patio overlooks the one open parking space, however, this location is steps from Sunset Junction and Sunset Blvd's numerous shops, cafes, and restaurants make driving almost an afterthought! Easy Access to the 101 and DTLA. 

Location

Located in prime area near Sunset Blvd, Silver Lake, and 101 freeway. This property sits on a mostly residential street that is located near many new developments in the Silver Lake area.  The property is located close to many eateries including Woon, All Day Baby, Night + Market Song, LAMILL Coffee, Silver Lake Reservoir, Cafe Stella, and Sunset Junction! Through its ease of access and close proximity to the 101 and 110 freeways, residents can easily commute to and from Silver Lake, DTLA, Arts District, Hollywood, and the rest of Los Angeles.

Property Highlights

  • ONE UNIT VACANT FEBRUARY 1st!

  • Prime Silver Lake Location​​

  • Three Units

    • 1 Br + 1 Ba + Appx 466 SF Each​

    • 1 Parking Space

  • Some Copper Plumbing + Tankless Water Heater

  • Desirable Spanish Style Units

  • Outdoor Shared Laundry Area

  • Storage Room 

  • A Walker Paradise *96* Walk Score

    • Steps to Sunset Blvd ​

  • Stable Cash - Flowing Investment

  • Owner - User Opportunity

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