Silver Lake - Echo Park (C21) Homes with Apartment Subtype

Silver Lake - Echo Park (C21) Homes with Apartment Subtype

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Newest Silver Lake - Echo Park (C21) Homes with Apartment Subtype

$2,288,000
WS26165098 MLS Active Status
Rare Opportunity!! Live in an expansive, upgraded townhouse-style owner's residence while generating immediate income from five additional rental units...... The impressive owner's unit is situated at the front of the property and offers approximately 3,441 sqft of thoughtfully designed living space. Featuring 6 bedrooms, 4.5 bathrooms, a home office, and a craft/utility room at the garage level. A grand double-door entry opens to a bright, airy floor plan where the foyer seamlessly connects the living room, formal dining room, and gourmet kitchen, creating the perfect setting for both everyday living and entertaining. The beautiful kitchen features GE appliances, elegant quartz countertops, modern fixtures, recessed lighting, and a convenient breakfast counter. The approximately 400 sqft private covered deck, offers an exceptional outdoor retreat for entertaining, relaxing, gardening. The attached two-car garage with direct access includes private laundry hookups and a utility sink for convenience. The owner's residence has been extensively upgraded with high-end waterproof laminate flooring (2026); Two central A/C and heating systems (2025); Newer water heater; a remodeled handicap ready bathroom; Recessed lighting in the living and formal dining rooms...... In addition to the owner's residence, the property includes five spacious 2-bedroom, 1-bath rental units, approximately 875 sqft each. The units are equipped with its own central AC and Heating (installed between 2018 and 2025), One assigned parking space for each unit; on-site coin-operated laundry; newer roof (2024)...... Ideally located on a well-known street in the historic Angelino Heights/Echo Park neighborhood, this property is just minutes from Downtown Los Angeles, major employment centers, restaurants, entertainment, and cultural attractions. Commuters will appreciate the convenient access to the 101, 110, 210, 2, 5, and 10 freeways, making travel throughout Southern California quick and convenient. Whether you're seeking a luxury owner-occupied residence with strong rental income or an exceptional long-term investment, this one-of-a-kind property offers an unmatched combination of size, location, and income potential...... Don't miss this rare opportunity to own an exceptional multi-family property in one of Los Angeles' most desirable historic neighborhoods!

728 E Kensington, Los Angeles

$1,725,000
SR26141627 MLS Active Status
*6.25% CAP RATE! Discover an exceptional investment & development opportunity in the heart of Silver Lake with this rare SIX-UNIT income property ideally positioned just moments from the Silver Lake Reservoir, meadow trails, dog park, and some of Los Angeles' most sought-after dining, shopping, and entertainment destinations. Located on a lush, oversized lot surrounded by mature avocado, fig, and lime trees, this property offers a unique blend of strong in-place cash flow, long-term appreciation potential, and future development upside in one of LA's most desirable rental markets. The property currently generates approximately $12,929 per month ($155,148 annually) in gross rental income and features six separately metered units, simplifying management and maximizing operational efficiency. Recent improvements include dual-pane energy-efficient windows throughout, while seven on-site parking spaces—five covered carports and two additional uncovered spaces—provide a highly desirable amenity rarely found in such a prime urban location. The upper rear unit enjoys pocket views of the Silver Lake Reservoir area and the iconic Griffith Observatory, further enhancing tenant appeal. ZONED R3, this property presents a compelling opportunity for investors seeking both immediate income and future value creation. Preliminary development potential may allow for the addition of up to six more units, creating the possibility of expanding the property to a 12-unit asset (buyer to independently verify all development potential with applicable governmental agencies). Whether held as a long-term income-producing investment, repositioned for increased rents, or explored as a future development project, the possibilities are significant. The location is truly outstanding. Enjoy convenient access to Downtown Los Angeles, Dodger Stadium, Griffith Park, and the very best of Silver Lake's renowned lifestyle amenities, including Whole Foods, Gelson's, Trader Joe's, Silverlake Wine, and the legendary Red Lion Tavern. Opportunities to acquire a cash-flowing six-unit property with meaningful development potential in Silver Lake are increasingly rare. This is a chance to secure a premier asset in one of Southern California's most dynamic and supply-constrained neighborhoods. Schedule your private showing today and explore the possibilities this unique property has to offer.

2313 Glendale Boulevard, Los Angeles

$2,650,000
AR26080904 MLS Active Status
The Witmer Apartments (280 Witmer St), a 23-unit value-add multifamily opportunity located in the heart of the rapidly evolving Westlake submarket of Los Angeles. Offered at a competitive basis of $115,200 per unit and $221 per square foot, the property features a strong in-place CAP rate of ±7.38% and GRM of 7.96x, providing immediate cash flow with substantial upside potential. The property offers approximately ±35% rental upside, with in-place rents that have historically performed at or above market levels within the Westlake submarket. This presents investors with a compelling opportunity to acquire a well-performing asset with clear pathways to increase revenue through unit renovations and operational improvements. Built in 1927, The Witmer Apartments consist of 23 units totaling ±12,000 square feet on a ±7,710 square foot lot, featuring an efficient unit mix of (22) studios and (1) one-bedroom unit. Units average approximately ±450–500 square feet (buyer to verify) and offer functional layouts that align with strong rental demand in the area. Ownership has completed significant capital improvements, including copper plumbing, a complete electrical panel upgrade, partial roof replacement (pitched portion), updated horizontal drain lines, new gas wall heaters, and a 100-gallon boiler. These upgrades reduce near-term capital expenditure risk, allowing investors to focus on executing a unit renovation strategy and capturing rental upside. Additional value-add opportunities include two vacant basement rooms with potential for storage or laundry income, as well as an underutilized rooftop with direct access and views of Downtown Los Angeles, offering potential for conversion into a tenant amenity space (buyer to verify).

280 Witmer, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.