2225 Branden Street Silver Lake, CA 90026

Branden Silver Lake, a very well-located value-add 5-unit apartment building in the highly desirable area of Silver Lake. This offering provides a rare opportunity for owner-user or savvy investors to get into the highly desirable Silver Lake apartment market and immediately add value through 2 ADUs... built-up (plan approved, permits pulled). Located on a quiet cul-de-sac residential street, but crossing Glendale Blvd, this property offers an exceptional location just minutes away from Silver Lake and other amenities nearby. It is adjacent to a NEW multi-million-dollar small lot subdivision and nearby many new residential developments in the area. The property consists of a free standing SFR with 4 unit building in the back and include approved plans (SHOVEL READY!) for 2 ADU’s in the rear parking area of the property. The front single-family residence is a completely renovated 3-bedroom 2 bath house, while the back building consists of a fourplex that contains all 1-bedroom units (1 unit upgraded). The property has a total of 3307 sf and is situated on a 7,290-sf lot. The front house which has been completely upgraded was built in 1907, and the back fourplex was built in 1960. The new owner can continue with the proven value add process as the asset has an estimated 31%+/- renta Continue reading