3319 Berkeley Ave, Los Angeles, CA 90026

4.29% CAP Rate on in Place Rents! Motivated Seller and Priced to Sell! Over 50% Rental Upside Potential! 3319 & 3321 Berkeley Ave is a unique double parcel property for sale in the heart of Silver Lake and the famous Sunset Junction! 3319 Berkeley Ave contains 6 individual bungalow units built in 1924 on one parcel, and 3321 Berkeley Ave is a separate 2+1 single family residence (SFR) on a separate parcel built in 1940. All the units have their own water heaters and are individually metered for gas & electric. This is a very low maintenance property with minor operating expenses. Street parking only with no soft story retrofit required; however, plenty of street parking available. The 2+1 SFR is non-RSO and is not under any city rent control laws, making this perfect for value-add investors or an owner user to collect healthy rental income year one. Do not miss this opportunity to buy this cash flowing property in arguably one of the best rental markets in LA!