Spanish Style Duplex + ADU

$1,625,000

4300 Gateway Ave, LA 90029

# of Units: 3

Current & Pro Forma GRM: 18.82/12.48

Current & Pro Forma CAP Rate: 3.50%/5.95%

Price/SF: $473

Building SF: 3,434

Lot SF: 5,848

Zoning: LAR2 + Tier 2 TOC

Year Built: 1921

Description​​​

Spanish Style Duplex + ADU in Prime Sunset Junction near shops, cafes, restaurants, and the new Erewhon! The spacious two-story duplex features original hardwood floors, a formal dining room, crown molding, rear porches, and ample storage. The duplex units average 1,500 SF and 2Br+1.25Ba each - the bedrooms and full bath are on the top floor and the rear bedrooms feature an enclosed bonus room that allows for plenty of natural light and would make an ideal office! There is tremendous upside in the duplex units. In the rear, you'll be greeted by a lush garden and a 430 SF ADU that was completed in 2021 and is being held vacant for a new Buyer. The ADU has stone counters, a mini-split, recessed lighting, a walk-in shower, subway tile, a refrigerator, stove, and modern finishes throughout. Additionally, enjoy three large garages on Bates Ave - currently one unused providing Buyer a perfect canvas for future uses or ideas. Truly a Silver Lake gem with easy access to the best Silver Lake has to offer.  Perfect addition or starter to any real estate portfolio.

 

Location

Sunset Junction is the main hub of Silver Lake and has a bevy of shops, cafes, restaurants, galleries, and more! This location attracts young professionals and families alike, making Silver Lake a competitive housing market. With a walk score of 90 - all daily needs are within a short distance. Dinosaur Coffee, El Cid, The Bar, Tikit Ti, Crossroads, Vons, and more are some of the nearby options to the subject property. 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

  • Great Location Near Sunset Junction

    • 90 Walk Score​

    • Restaurants, Grocery Stores, Cafes, Shops, and more are all a few steps away. 

  • Two Separate Buildings

    • Building 1 - 3,043 SF - Duplex 

    • Building 2 - 430 SF - ADU

  • New ADU Delivered Vacant 

  • Three Large 1- Car Garages 

  • Current GRM 18.82 GRM

  • Low Price Per SF- $473/SF

  • Large Desirable Walk-Up Style Units

  • LAR2 + Tier 2 TOC

  • Owner - User Opportunity!​​

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