By RUBEN RIVERAL.A. Weekly published “Silver Lake Became Santa Monica” in 2015, but in truth it’s not a new story. In 2004 I helped a client purchase an apartment building one block from the former Casbah Cafe when each 1-bedroom apartment rented for $1,050. I helped her sell the same building last year and the rents had climbed to $1,850. That’s nearly a 75% increase in ten short years! The entire neighborhood landscape has changed in that time. Good, bad or indifferent – the fact remains it’s one GREAT place to live, own property, and generate extra income with future gains.
This current “off market” building on Manzanita is listed for $1,299,000. It includes four, large 1,100-square-foot, 1-bedroom apartment homes, with patios/decks, views, bonus guest rooms/offices, laundry and private garages. Great open floor plans with grand Craftsman interiors and very close to popular Sunset Junction shops and eateries. Current income approximately $66,000 with a generous upside potential. More details and photos.
Contact agent Ruben Rivera for details or to inquire about other available homes.
Ruben Rivera, Sotheby’s International Realty
- (323) 481-7735
- [email protected]
This Sponsored Post is an advertisement on behalf of Ruben Rivera