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2243 India St - Lowest Priced Duplex on Market in Silver Lake 2 Unit Apartment Building Offered at $1,613,393 CAD at a 1.19% Cap Rate Los Angeles, CA 90039



Investment Highlights
- *** 2nd price reduction - 18% price reduction - lowest priced duplex on the market in Silver Lake***
- Consists of 2 townhouse-style residences. Both units feature 2 beds and 2 baths, and average approx. 1,350+ SF each.
- Surrounding neighborhood is defined by architecturally diverse hillside, many commanding multi-million-dollar values, reinforcing desirability.
- Silver Lake Spanish-style duplex located 0.5 miles from The Reservoir, adjacent to Atwater Village, and north of Sunset Blvd. (2 Miles)
- Detached structure features (2) 1-car garages and offers a potential ADU opportunity (garage conversion or above the existing footprint).
Executive Summary
***Lowest priced duplex on the market in Silver Lake --- view the marketing package for on-market & sales comparables*** 2243 India St presents an opportunity to acquire a character-rich duplex in one of Silver Lake's most desirable residential pockets, now offered at $1,175,000 following a $220,000 price reduction. At its current pricing, the property stands as the lowest priced duplex on the market in Silver Lake, positioning it below competing inventory in the immediate area.Positioned north of Sunset Blvd and adjacent to the heart of Atwater Village, the property sits within a quiet, architecturally diverse enclave of hillside and Craftsman-era homes, many of which command multi-million-dollar values, while remaining just a short walk from the Silver Lake Reservoir. Residents are also moments from the Glendale Blvd corridor, home to a curated mix of independent cafs, wine bars, and neighborhood restaurants, as well as Silver Ridge Plaza, anchored by Whole Foods and daily-use retail.Built in 1931, the Spanish-style property consists of (2) townhouse-style residences, each configured as a 2-bdrm. and 2-bath unit averaging approx. 1,350+ SF. The ground level of each residence includes a living room, dining area, kitchen, bedroom, and full bathroom, while the upper level is dedicated to a primary suite with additional office or flex space and an en-suite bathroom. The layout creates separation between living areas and private space, a feature that continues to resonate with both owner-users and long-term tenants.Interior finishes include a combination of wood and tile flooring, granite kitchen countertops, and updated bathroom finishes that maintain the property's original character while supporting modern use. The configuration makes 2243 India particularly well suited for buyers seeking flexibility, whether occupying one unit while leasing the other or accommodating multi-generational living.The property is further enhanced by substantial rear yard space, providing outdoor separation between the main structure and a detached garage building. At the rear of the lot sits a detached structure with (2) one-car garages, offering future value-add potential through garage conversion or the addition of accessory dwelling units above the existing footprint, subject to buyer verification.At $1,175,000, 2243 India combines a Silver Lake location north of Sunset, townhouse-style layouts averaging over 1,300 SF, and pricing that now sits below competing duplex inventory in the immediate area. The positioning reflects both the scale of the units and the location within one of the Eastside's most established residential pockets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,613,393 CAD | Lot Size | 0.16 AC |
| Price Per Unit | $806,696 CAD | Building Size | 2,764 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 1.19% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1931 |
| Property Type | Multifamily | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,613,393 CAD |
| Price Per Unit | $806,696 CAD |
| Sale Type | Investment |
| Cap Rate | 1.19% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.16 AC |
| Building Size | 2,764 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 1.45/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Porch
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,334 CAD | 1,350 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5438-014-019 | Total Assessment | $468,748 CAD |
| Land Assessment | $343,000 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $125,749 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5438-014-019
Land Assessment
$343,000 CAD
Improvements Assessment
$125,749 CAD
Total Assessment
$468,748 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2243 India St - Lowest Priced Duplex on Market in Silver Lake
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