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Courtesy of: Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati
Listing Sold By: Matthews Real Estate Investment Services
Local Realty Services Provided By: Keller Williams Realty Los Feliz
/ CA / Los Angeles / Silver Lake Micheltorena / 3319 Berkeley Ave
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/ CA / Los Angeles / Silver Lake Micheltorena / 3319 Berkeley Ave
3319 Berkeley Ave, Los Angeles, CA 90026
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/ CA / Los Angeles / Silver Lake Micheltorena / 3319 Berkeley Ave

3319 Berkeley Ave, Los Angeles, CA 90026

Estimation provided by Keller Williams Realty, LLC.
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Property Description

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!

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1924
Days on Site
1,706 Days
Parking
Yes
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Activity History

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/ CA / Los Angeles / Silver Lake Micheltorena /

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Transit & Commute

Estimated commute times from Silver Lake Micheltorena
Car-Dependent Walkable Very Walkable
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1528 Micheltorena St, Los Angeles, CA 90026
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