Silver Lake 11 Unit Apartment 3125 London St 11 Unit Apartment Building $2,750,000 ($250,000/Unit) 4.57% Cap Rate Los Angeles, CA 90026

PRICE REDUCED TO SELL!! Explore the extraordinary potential of this remarkable 11-unit, 2-story multi-family income property nestled in the heart of Silver Lake, Los Angeles. Ideally positioned at 3125 London St, this property spans a generous 13,669 sq ft lot and strategically graces the corner of London St. and Silver Lake Blvd. The property has been thoughtfully modified to 11 larger units, including 1 x 2 bedroom 2 bathroom unit(Unit 5-Unit 6 Combined), 9 x one-bedroom, one-bathroom units, and 1 x studio unit. Enriched by its prime location within the Silver Lake community, this property presents a substantial rental upside potential of 30-40%. Currently, the owner occupies for one large 2 bedroom unit #5, and generating a monthly total gross income of approximately $15,000. The property, featuring on-site 15 open parking spaces, offers further potential for enhancement, ensuring increased income opportunities. Convenience meets accessibility, as the property is strategically situated near the entry and exit points of the 101 Freeway. In addition, the exciting prospect of acquiring the adjacent commercial land at 520 Silver Lake Blvd (Land Size: 11,326 sq ft/0.26 acres), opening avenues to enhance the property's value and potential usage options. Don't miss out on this incredible investment opportunity in Silver Lake!!