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801 North Occidental Blvd, Silverlake

Located in trendy Silverlake is this incredible tree top view property which sits on almost a quarter of an acre (10,487 sq ft) on the n/w corner of Occidental and Marathon. It’s zoned RD2 (not R2) and TOC 2 per LA City Zimas, buyer to verify. It consists of 4 buildings: a house, two duplexes and a 5-car garage. Possibility exists of adding ADU’s to the property, buyer to verify. The house (803 ½) is at the rear of the property and is 2 bd & 1 ¾ bath with some hardwood floors, beamed ceilings and a private patio. Each of the other 4 units are 1 bd 1 ba. Up to three of the units may be delivered vacant at COE. Each unit has its own gas and electric meter. Some have hook ups for washer and dryer. The electrical was recently upgraded and all of the units have mini split hvac systems. The projected monthly income is $3,600 for the house, $2,100 for each of the one-bedroom units and $1,200 for the garages-storage-laundry for a total of $13,200 or $158,400 annually. Seller may require a leaseback for his unit. Seller may need buyer to cooperate in a 1031 exchange at no addition cost to buyer. Please do not walk the property or disturb the occupants.

Offered at $2,295,000