Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

563 & 562 North Hoover Street . East Hollywood , CA 90004

Foe sale 11 units in Silverlake, Los Angeles, California. Built in 2019.For more information please contact the listing agent, kenny@kennystevensteam.com (310) 968-7005

Posted: 06/17/2020 12:08 pm | On HOMEiZ: 1411 days | Updated: 3 years ago | Views: 629

Location Map

Property Type

Sold

Property Price

$7865000
$7865000
06/10/2020
15,004.00 Sq. Ft.
$706
11143
Contact listing agent%
4.41%
$0
$346847
22.65
0.755%
$59381
New Construction

Property Location & Description

Foe sale 11 units in Silverlake, Los Angeles, California. Built in 2019.For more information please contact the listing agent, kenny@kennystevensteam.com (310) 968-7005
Non Rent Control
New 2019 Construction on a street-to-street lot over 15,000 SF. Positive leverage with interest rates as low as 3.50%. Extremely high quality, condo-like construction with attention to detail to attract high-income tenants. An attractive mix of 3 Bedroom, 2 Bedroom and 1 Bedroom units. Perfect unit mix for co-living. Spectacular views of Hollywood Hills and DTLA from most units. No low-income units - all are at market rate. Units are sub-metered for all utilities, including water.This street-to-street double lot comprises two addresses: 563 N. Hoover and560 N. Commonwealth. With an impressive condo-quality build, this asset boasts an attractive unit mix of (7) three-bedroom units, (1) two-bedroom unit, and (3) one-bedroom units. These units are equipped with high-end appliances, luxurious finishes, state-of-the-art technology/security system, and spectacular views of the Hollywood Hills and DTLA.
Located near an abundance of popular boutiques and eateries, this investment property provides a great long-term opportunity for any type of investor.
11
$715000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
3 
 
$2900
2.
2+2 
1 
 
$3300
3.
3+2 
4 
 
$4450
4.
3+3 
3 
 
$4250
5.
 
 
 
5539-028-029 5539-028-033
LAR2 & LAR3
100%
Wood & Stucco
3
2019
Excellent
Security System
Elevator
Video Patrol

Property Information

Sewer

Sewer System (Public)

Parking

Investment Overview

Investor

Energy Efficiency

Don't Know
No Data
N/A
N/A
Don't Know
Don't Know
Don't Know
Don't Know

Neighborhood lifestyle

Urban Core

More information

https://kennystevensteam.com/property/11-unit-trophy-asset-in-silver-lake/

Listing Info

Listing ID: 2326
Sold

For Sale

$7,865,000

Listing Presented by

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