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6 of 9 VACANT Silver Lake | North of Sunset! 1651 Golden Gate Ave 9 Unit Apartment Building $2,742,537 CAD ($304,726 CAD/Unit) 7.03% Cap Rate Los Angeles, CA 90026
INVESTMENT HIGHLIGHTS
- Eric Dilanian & Shant Sherbetdjian are Pleased to Present for Sale a Rare 9 Unit Investment (6 VACANT) in Prime Silver Lake, North of Sunset!
- Building/ Lot SF: ±6,358 SF on a ±7,966 SF Lot
- Parking & Walk Score : (9) Spaces Per Certificate of Occupancy | Walk Score: of 93 (“Walkers Paradise”) where daily errands do not require a car
- Delivered with 6 VACANT Apartment Units | Ready for Immediate Renovation into a Striking Mid-Century Modern Asset with ADU Potential -Buyer to Verify
- Unit Mix: (7) Spacious 1 Bed & 1 Bath Units, and (2) 2 Bed & 1 Bath & Year Built & Zoning: 1965 | R2-1VL
- Listed Alongside a Portfolio of 49 TOTAL Units, Properties can be sold as a Portfolio or Individually
EXECUTIVE SUMMARY
* DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE * Eric Dilanian & Shant Sherbetdjian, The Dilanian Real Estate Advisors & The Southern California Apartment Group, as part of RE/MAX Commercial & Investment Realty, are pleased to present for sale this rare 9 Unit Mid-Century investment opportunity located in one of Los Angeles’ most sought-after and vibrant neighborhoods—Silver Lake. Delivered 67% Vacant, with SIX out of NINE units available, this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset.
Built in 1965, the property features an attractive unit mix consisting of (7) 1 Bedroom & 1 Bathroom Units, and (2) 2 Bedroom & 1 Bathroom Units. The building totals
approximately ± 6,358 square feet and sits on a ±7,966 square foot lot. It is well parked, providing 9 on-site parking spaces (per the CofO – Buyer to Verify).
Zoned R2-1VL, the property is poised for an astute investor to pursue a full renovation of the interior and exterior of the vacant units and add Accessary Dwelling Units
(Buyer to Verify Feasibility). Note: Soft Story Retrofit work has NOT been completed.
Strategically positioned in the vibrant core of Silver Lake with a walk score of 93 ("Walker’s Paradise"), tenants will enjoy close proximity to premier retail corridors on
Sunset Blvd, as well as convenient access Hollywood & Los Feliz.
Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count,
parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, REAP Status, and the ability to construct ADUs or additional units.
The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Montebello, San Gabriel, and Alhambra. Properties can be sold
together as a portfolio or individually.
Built in 1965, the property features an attractive unit mix consisting of (7) 1 Bedroom & 1 Bathroom Units, and (2) 2 Bedroom & 1 Bathroom Units. The building totals
approximately ± 6,358 square feet and sits on a ±7,966 square foot lot. It is well parked, providing 9 on-site parking spaces (per the CofO – Buyer to Verify).
Zoned R2-1VL, the property is poised for an astute investor to pursue a full renovation of the interior and exterior of the vacant units and add Accessary Dwelling Units
(Buyer to Verify Feasibility). Note: Soft Story Retrofit work has NOT been completed.
Strategically positioned in the vibrant core of Silver Lake with a walk score of 93 ("Walker’s Paradise"), tenants will enjoy close proximity to premier retail corridors on
Sunset Blvd, as well as convenient access Hollywood & Los Feliz.
Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count,
parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, REAP Status, and the ability to construct ADUs or additional units.
The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Montebello, San Gabriel, and Alhambra. Properties can be sold
together as a portfolio or individually.
PROPERTY FACTS
| Price | $2,742,537 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $304,726 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.03% | Building Size | 6,358 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.96 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2-1VL | ||
| Price | $2,742,537 CAD |
| Price Per Unit | $304,726 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 8.96 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,358 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R2-1VL |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5429-023-011 | Improvements Assessment | $580,137 CAD |
| Land Assessment | $109,717 CAD | Total Assessment | $689,855 CAD |
PROPERTY TAXES
Parcel Number
5429-023-011
Land Assessment
$109,717 CAD
Improvements Assessment
$580,137 CAD
Total Assessment
$689,855 CAD
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6 of 9 VACANT Silver Lake | North of Sunset! | 1651 Golden Gate Ave
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