2516 Elsinore Street, Los Angeles, CA 90026

$1,988,000

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List Price
$1,988,000
Status
ACTIVE
MLS#
WS26081717
Year Built
1912
Lot Size
7,146
Acres
0.16
Lot Location
Rectangular Lot
Days on Market
98
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

This beautifully renovated 5-unit complex is located in a desirable prime Silver Lake neighborhood, nestled away from a short walk to Sunset Blvd. Residents also enjoy quick access to Koreatown, Silver Lake, Los Feliz, West Hollywood, and Fairfax, placing premier dining, nightlife, shopping, and cultural destinations within minutes. A rare opportunity to acquire a well-maintained and professionally managed property, and is ideal for investors seeking a well-located, income-producing asset and or owner-user looking for long-term growth potential. Operationally, this asset is highly efficient with a strong future upside. All units have separately metered gas and electricity, individual water heaters for each unit, washer and dryer hook-up and a history of well-vetted residents. This complex consists of a single family, 2-story homes that were built in 2009, featuring 4 bedrooms (it has 2 master suites), 3.5 baths, a den/family room and a spacious custom kitchen. In the rear of the single house are the 4 units, consisting of (2) 2-bedroom/1-bath, and (2) 1-bedroom/1-bath. There is a total of 6 parking spaces. All units are currently rented. Two of the four units have extensive improvements.

Additional Information

Appliances
Dishwasher, Refrigerator, Water Heater
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
View
None
Roof
Shingle, Tile
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Ceiling Fan(s), Granite Counters, Laminate Counters, Multiple Staircases, Open Floorplan, All Bedrooms Up, All Bedrooms Down, Galley Kitchen, Walk-In Pantry, Walk-In Closet(s)
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$138,530
Operating Expense
36000
Levels
Two
Parking Spaces
6

Listing courtesy of Listing Agent: TIFFANY LE (le_tiff07@yahoo.com) from Listing Office: HAPPY HOME REALTY, INC.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.