2333 Duane Street – Exceptional Mid-Century 4-Plex SOLD in Silver Lake!

2333 Duane Street Los Angeles, CA 90039

4 mid-century townhouse units

SOLD over asking price at $2,010,000

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

GRM: 19.41

Cap Rate: 3.19

Delightful & classic mid-century 4-plex on a residential street in prime Silver Lake Hills just 1/2 a block from the Silver Lake Recreational Center, reservoir and two blocks from the main Silver Lake 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 four.

 

Unit A – $1,841 – tenants since 1999

Unit B – $2,137 – tenants since 2013

Unit C – $1,841 – tenants since 2001

Unit D – $3,195 – tenants since 2009

Total Monthly Income = $9,014

Total Annual Income = $108,168

Annual Expenses:
Insurance $5,352
Water $1,085
Gardener & landscaping  $800
Repairs & maintenance $5,646
Management $1,575
Supplies $90
City License fees $271
Real Estate Taxes:  $7,093 (current) Projected: $26,250

Each unit is separately metered for gas and electricity, master meter for water.

Pre-listing inspection report available

Pest control work completed

All current retrofitting requirements completed

2333 Duane Street Los Angeles, CA 90039

4 mid-century townhouse units

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

GRM: 19.41

Cap Rate: 3.19

Delightful & classic mid-century 4-plex on a residential street in prime Silver Lake Hills just 1/2 a block from the Silver Lake Recreational Center, reservoir and two blocks from the main Silver Lake 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 four.

 

Unit A – $1,841 – tenants since 1999

Unit B – $2,137 – tenants since 2013

Unit C – $1,841 – tenants since 2001

Unit D – $3,195 – tenants since 2009

Total Monthly Income = $9,014

Total Annual Income = $108,168

Annual Expenses:
Insurance $5,352
Water $1,085
Gardener & landscaping  $800
Repairs & maintenance $5,646
Management $1,575
Supplies $90
City License fees $271
Real Estate Taxes:  $7,093 (current) Projected: $26,250

Each unit is separately metered for gas and electricity, master meter for water.

Pre-listing inspection report available

Pest control work completed

All current retrofitting requirements completed