$1,100,000

The subject property is a well maintained four (4) unit near Silver Lake with spacious units. There is a desirable mix of one (1) 2 bedroom 1 bath and three (3) 1 bedroom 1 bath units. The building size is a total of 4,404 square feet and the lot size is 5,102 square feet with LARAS3 zoning. Each unit averages over 1,000 square feet all with formal dining rooms. Each unit is separately metered for Gas & Electricity with separate 30 gallon hot water heaters. This charming building has units that are uniquely laid out including some having sun porches and vintage touches throughout that have been mostly preserved over the years. One unit will be delivered vacant. Rent for vacant unit is projected. Washer and dryer hook ups are available in all units. One unit has been completely and tastefully renovated with new kitchen including granite counter tops, fixtures, flooring and new appliances, bathroom has new flooring and tiling and central AC unit. There are 2 parking spaces available and ample street parking. The subject property is a pride of ownership building with copper plumbing throughout, newer roof, seismic upgrades and reinforced bolted foundation. With low expenses and limited deferred maintenance this property is a turnkey investment perfect for a first time owner in a great neighborhood. Being on Vendome near Temple within close proximity to the trendy Silver Lake and so near to Hollywood and Downtown Los Angeles, there are many employment, education and entertainment opportunities. The subject property has a great location, near Silver Lake & Hoover and a walkability score of 73,"very walkable". There is easy access to the 101 Freeway, public transportation, Kaiser Hospital, LACC and multiple post production houses, providing a stable tenant base. As this property is located in the city of Los Angeles and was built in 1916, it is subject to Rent Control and currently has under market rents. Please Do Not disturb tenants.