$2,500,000 721 Silver Lake Boulevard Los Angeles, CA

MLS: 18330338   Type: Income   County: Los Angeles   City: Los Angeles   Area: Silver Lake   Zip: 90026     Stories: 2

Mortgage $11,737 /mo



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721 Silver Lake Blvd is a 10-unit value-add opportunity located in Silver Lake (90026). The property offers investors a unique and rare opportunity to immediately add value as current rents are below market for nearly each unit. The offering consists of ten (10) one bedroom / one bath units averaging +/- 615 square feet per unit. Each unit features original 1940's character typical of the era. Ample vehicle parking provided in 7-8 on-grade spaces. Both Electrical and Gas utilities are separately metered. Centrally located in Los Angeles, just south of Sunset Boulevard, the 721 Silver Lake Blvd is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake submarket. Furthermore, the subject property's transit-oriented and highly walkable location offers residents access to a of myriad entertainment venues, cultural destinations, and dining options.

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Price History

4/5/2018 Listed $2,500,000

Co-listing Agent Rich Johns - BRE#01432215
Colistagentfirstname Rich
Colistagentlastname Johns
Colistagentstatelicense 01432215
Listagentstatelicense 01893466
Listing Agent Nick Astrupgaard - BRE#01893466
MLS Area 671 - Silver Lake
Price Per Square Foot 406.24
Special Listing Conditions Standard
Total Units 10
Zoning LAR3

Interior Features

Laundry Features See Remarks
Laundry Y/N 1
Total Stories 2

Exterior Features

Building Area Total 6154.00
Lot Size Square Feet 7539.00
Lotsizeunits Square Feet
Number of Buildings 1
Parking Features Parking Space
Parking Y/N 1

Property Schools

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Property vs Zip Code Avg (90026)

Price 2.50M Avg 1.59M

Sqr Feet 6,154 Avg 3,163

Cost / Sqr Ft $406 Avg $505

Acres 0.173072 Avg 0.14

Visits 5 Avg 16

Days on Site 18 Avg 103

Walkscore® 75 Avg 79

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Listing Provided Courtesy Of: Nick Astrupgaard with KW Commercial Studio City.

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Location & Address

Scott Shambley - BRE#01946228
2603 Camino Ramon Suite 200
San Ramon, CA