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Silver Lake 11 Unit Apartment 3125 London St

11 Unit Apartment Building $4,990,425 CAD ($453,675 CAD/Unit) 3.77% Cap Rate Los Angeles, CA 90026

INVESTMENT HIGHLIGHTS

  • Silver Lake, 11 Unit APT

EXECUTIVE SUMMARY

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 sqft lot (0.31 acres) 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 two 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 four units, including a two-bedroom unit, generating a monthly total gross income of approximately $16,000. The property, featuring 15 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 sqft/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!!

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
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 $4,990,425 CAD
Price Per Unit $453,675 CAD
Sale Type Investment
Cap Rate 3.77%
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.31 AC
Building Size 6,772 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 2.22/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 1 - 964
1+1 9 - 596 - 650
Studios 1 - 334
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5401-023-027
Land Assessment
$521,854 CAD (2024)
Improvements Assessment
$713,579 CAD (2024)
Total Assessment
$1,235,433 CAD (2024)

ZONING

Zoning Code LARD2 (RD2-1VL)
LARD2 (RD2-1VL)
  • Listing ID: 30133018

  • Date on Market: 2023-11-20

  • Last Updated:

  • Address: 3125 London St, Los Angeles, CA 90026

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