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1457 Ridge Way, Silver Lake, CA 90026

3 Bed, 2 Bath Multi-Family Home For Sale

1457 Ridge Way, Silver Lake, CA 90026 House For Sale - MLS #17193858
Sold
$1,200,000
3
2
Multi-Family
4 Family
This listing is courtesy of Jonathan Prakash from Keller Williams Silicon Beach.

Property Description for 1457 Ridge Way, Silver Lake, CA 90026

$200,000 PRICE REDUCTION! We are pleased to present the Ridge Way Apartments: a four (4) unit multifamily investment opportunity located in Angelino Heights, a small sub-market of Echo Park in the county of Los Angeles. These craftsmen style duplexes were built in 1906 and 1913. Both buildings make up 3,356 SF of living area. The property features two (2) spacious two bedroom / one bath units and two (2) one bedroom / one bath units and is situated on a 7,419 SF lot zoned R-2.The property is separately metered for electricity and master metered for gas. Each unit has their own individual water heater. All units are currently occupied. The property is in an amazing location with tremendous rental upside that a new owner/investor can take advantage of by remodeling the interior and exterior of the building to achieve strong market rents.

Interior Details

3,356 sq. ft.
$357.57/sq. ft.
Other

Exterior Details

0.17 acres
7,419 sq. ft.

Other Details

17193858
1913

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,975     

Unit #2
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,062     

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Monthly Mortgage Payments

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Town Description

Silver Lake is a hilly neighborhood in the city of Los Angeles, California east of Hollywood and northwest of Downtown Los Angeles. Silver Lake is inhabited by a wide variety of ethnic and...

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