Log In/Sign Up
Your email has been sent.
3121 Silver Lake Blvd 4 Unit Apartment Building $1,950,000 ($487,500/Unit) 4.61% Cap Rate Los Angeles, CA 90039
Investment Highlights
- It is in a great Atwater location and is a very nice property with plenty of neighborhood parking.
- Conveniently located within a couple blocks of Atwater Village Farmer's Market!
Executive Summary
Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. Three of which are rented with one recent vacancy for a possibly owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be able to build another ADU on the property. Current gross income is approximately $9,400 a month. That will bring you to a total of $11,600/mo once just the garage ADU is completed. It is in a great Atwater location and is a very nice property with plenty of neighborhood parking conveniently located within a couple blocks of Atwater Village Farmer's Market!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $487,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,007 SF |
| Cap Rate | 4.61% | Average Occupancy | 75% |
| Gross Rent Multiplier | 17.72 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1929/2020 |
| Property Type | Multifamily | Parking Ratio | 1.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR1 - One Family Residential | ||
| Price | $1,950,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Gross Rent Multiplier | 17.72 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,007 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1929/2020 |
| Parking Ratio | 1.99/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR1 - One Family Residential |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,500 | 500 - 507 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 5437-004-042 | Total Assessment | $811,242 (2025) |
| Land Assessment | $557,078 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $254,164 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
5437-004-042
Land Assessment
$557,078 (2025)
Improvements Assessment
$254,164 (2025)
Total Assessment
$811,242 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Starlight Partners
3121 Silver Lake Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.