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1526 Westerly Terrace, Silver Lake, CA 90026

8 Bed, 5 Bath Multi-Family Home For Sale

1526 Westerly Terrace, Silver Lake, CA 90026 House For Sale - MLS #17281484
Under Agreement
$1,699,000
8
5
Multi-Family
4 Family
This listing is courtesy of Jason Woodruff from Keller Williams Hollywood Hills.

Property Description for 1526 Westerly Terrace, Silver Lake, CA 90026

This four-unit apartment building in Silver Lake sits on a hillside affording gorgeous views with peeks of downtown and the hills from the spacious deck of the top-floor owners' unit. This beautifully-maintained property is located near restaurants and shopping on Silver Lake Blvd just south of the reservoir, which has a walking/running trail around the lake. The owners' unit is a large 2BR/2BA floorplan with two parking spaces in the four-car detached garage. Each of the remaining three units are large two-bedroom apartments with reliable tenants. The property also has a private laundry room with coin-operated washer/dryer for use by the tenants. The central location is convenient to Downtown LA and close to both the 101 and 5 freeways for easy commuting to the Valley. With a Cap Rate of 5 percent, this property is a great opportunity for an owner-occupant or investor. Owner's unit will be delivered vacant and total projected rents for all four units is over $10,000/month.

Interior Details

4,064 sq. ft.
$418.06/sq. ft.

Exterior Details

0.11 acres
4,809 sq. ft.
4

Other Details

17281484
1962

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 2      Rent: $3,500     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $2,350     

Unit #3
Bedrooms: 2      Full / Half Baths: 1      Rent: $2,510     

Unit #4
Bedrooms: 2      Full / Half Baths: 1      Rent: $2,300     

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Monthly Mortgage Payments

$7,717
$10,748

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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