Marcus & Millichap is pleased to present for sale an eight unit multifamily property located in Silver Lake, California. Situated at 812 Waterloo Street, just south of Sunset Boulevard and west of North Alvarado Street, the property is walking distance to Echo Park Lake, the 101 Freeway, and Sunset Boulevard with all of the amenities that come with it.
Positioned between Hollywood and Downtown Los Angeles, Silver Lake is best known for its wide variety of socio-economic groups and diverse cultural arts scene. Offering a host of exquisite wine tastings, progressive coffee shops, and popular nightlife, the area continues to attract new residents, businesses, and visitors each year. The area is home to the breath-taking Silver Lake Reservoir, an exertive Sunset Junction, and is recognized as having some of the most modern architecture in the nation. The property is also adjacent to the Westlake and Echo Park submarkets.
Built in 1963, this two-story building presents an excellent unit mix of five one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/two-bathroom unit, and one three-bedroom/two-bathroom unit. This unique property features covered on-site parking, spacious units, gated entry, and balconies in most units.
Ideally positioned in a prime Silver Lake location, the subject property presents an excellent opportunity for an investor to acquire a one-of-a-kind property.
