20
See all 20 photos
$1,988,888
Est. payment /mo
11 Beds
9 Baths
6,358 SqFt
New
1651 Golden Gate AVE Los Angeles, CA 90026
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,358 sqft
Price per Sqft $312
MLS Listing ID 25628533
Bedrooms 11
HOA Y/N No
Year Built 1965
Property Description
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS - DRIVE BY ONLY. We 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 Accessory 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 to 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport, Driveway Down Slope From Street
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5429023011
Special Listing Condition Standard
Listed by Eric Dilanian Remax Commercial and Investment Realty
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