2 Homes on 1 Lot in Prime Silver Lake!

$1,500,000

1522-1524 N Benton Way 

# of Units: 2

GRM (Pro Forma): 9.03

CAP Rate (Pro Forma): 9.45%

Price/SF: $449

Building SF: 3,344

Lot SF: 6,000

Zoning: LAR2 & Tier 1 TOC

Year Built: 1948 & 1983

Description​​​

Unique opportunity to acquire two detached homes just a few blocks from Sunset and  Silver Lake Blvd in Silver Lake! Rear House currently VACANT and Front House will be delivered vacant!

Perched in the hills of Silver Lake, 1522-1524 N. Benton Way boasts a large 6,000 SF lot with two detached homes. The front house is an 884 SF 2Br + 1Ba home with driveway parking and a sizeable front yard. In the rear is a large 2,640 SF 3Br + 3Ba that has been meticulously cared for and offers AMAZING views of Los Angeles. The rear house was built in 1983, and, therefore not subject to LA RSO!  A wide staircase leads to the upper-level bedrooms one of which features a master bedroom with an en-suite bathroom, walk-in closet, and dual sinks. The rear house is in excellent condition and has central heat and A/C, termite clearance, basement, 2nd- floor-balcony, and more!  There are two 2-car garages, plus a driveway and open parking. One of the garages could easily be converted into a work-from-home office, gym, art or music studio, or maybe an ADU. You can build an ADU between the two existing structures PLUS carve out a JR ADU from the existing garages. Amazing value in a highly desirable location!

Location

Located in a prime area near Sunset Blvd, Silver Lake, and the 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

  • Fantastic Silver Lake Location!

  • Quiet Residential Area Above Sunset Blvd

  • Owner- User Opportunity

  • Large 6,000 SF Lot

  • Zoned LAR2

  • Potential to Build ADU (buyer to verify)

  • Concrete in Rear = LOW Maintenance!

Rear Home Highlights

  • Not Subject to LA RSO!

  • Vacant & in Excellent Condition

  • Wide Staircase leads to Upstairs Bedrooms & Lower Level Parking

  • Master Bedroom w/ en-suite Bathroom 

  • Large Balcony w/ Amazing Views

  • Large Closets throughout 

  • Central Heat & A/C, Newer How Water Heater, Treated for Termites.

  • Enormous Two- 2 Car Garages could be used as a Home Office, Gym, Art, or Music Studio!

  • Finished Basement provides Extra Storage

  • Potential to Build or Carve out an ADU (buyer to investigate)

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