Silver Lake Craftsman Income Property 4plex for Sale

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L.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

Updated kitchen with high end appliances

Original built-ins and wood floors

Generous bedrooms and bonus adjoining rooms

Bright open windows and decorative fireplaces

Dining rooms include original cabinets

Fourplex front (2)

This Sponsored Post is an advertisement on behalf of Ruben Rivera