Silver Lake CA Multi Family for Sale
$1,850,000
2225 Branden Street Silver Lake, CA 90026
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1907
- Baths:
- MLS#:
- CRAR23170071
View additional info
Courtesy: Growth Investment Group Pasade
ADDITIONAL INFORMATION
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
Silver Lake Real Estate
The median home value in Silver Lake, CA is $1,220,000. The national median home value is $338,100. The average price of homes sold in Silver Lake, CA is $1,220,000. Silver Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Silver Lake real estate agent to arrange a tour today!
Silver Lake, California has a population of 1,951,220.
The median household income in Silver Lake, California is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Silver Lake is 36.2 years.
Silver Lake Weather
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.