2333 Duane Street – Silver Lake Mid Century 4-plex for sale in prime location by the reservoir.

2333 Duane Street – Silver Lake Mid Century 4-plex for sale in prime location by the reservoir.

2333 Duane Street
Los Angeles, CA 90039

Silverlake area of Los Angeles MLS Area 21

4 units
Built in 1962
1-2 bedroom 2 bath townhouse unit
3-1 bedroom 1 bath townhouse units
4,808 square feet
8,506 lot size 50 x 170
APN: 5422-001-031

Delightful & classic mid-century 4-plex on a residential street in prime Silverlake Hills just 1/2 a block from the Silverlake Recreation Center, reservoir and two blocks from the main Silverlake Blvd shopping, restaurants & stores. 4 stunning two story townhouse units, one 2 bedrooms 2 bath end unit with private garden and three 1 bedroom 1 bath units. All have step down living rooms with two story ceilings, floor to ceiling picture windows overlooking lush greenery trees and each with their own private terrace or garden area. Living room with dining areas, spacious kitchens, large second floor open loft style bedrooms overlooking the picture windows and living areas below. Many original mid century details. Separately metered for gas & electric and ample driveway and parking for 8-10 cars. Lovingly maintained and cared for by the current owners and an excellent investments opportunity or great for an owner user to live in the 2 bedroom unit & rent out the other 3.

Current monthly rents:

Unit A – $1788
Unit B – $2075
Unit C – $1788
Unit D – $3102

Total Monthly = $8753 Total Yearly = $105,036

As of November 1, 2017 new rents with 3% increase:

Unit A – $1841
Unit B – $2137
Unit C – $1841
Unit D – $3195
Total Monthly = $9014 Total Yearly = $108,168
Annual Expenses:
Insurance 5352
Water 1085
Gardener/landscape 800
Repair/maintenance 5646
Management 1575
Supplies 90
City License 271
Real Estate Taxes $7,093

Each unit is separately metered for gas and electricity.
Stoves and refrigerators are included.
There are 6 parking spaces and they are unassigned.

Christophe Choo Luxury Real Estate Series – Beverly Hills & Los Angeles http://www.ChristopheChoo.com