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$ 1,250,000
Est. payment | /mo
6 Beds
4 Baths
9,035 Sqft Lot
$ 1,250,000
Est. payment | /mo
6 Beds
4 Baths
9,035 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26214119
Bedrooms 6
Lot Size 9,035 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare 9,032 SF multifamily lot in Silver Lake-adjacent Los Angeles (90026). Offered at $1,250,000 ($422/SF). Value-add triplex, RAS3 zoning, confirmed 3-unit C of O but recorded as a fourplex on title, with a path to restore the 4th legal unit (buyer to verify). Lot size and unit count may also qualify for up to 4 ADUs by-right under SB 1211's ministerial approval (buyer to verify). Vacant 4BD/2BA front unit ready for owner-user or immediate lease-up at $4,500/mo market rent; rear duplex carries 210%+ rent upside on turnover. 4.61% current cap rate / 6.15% pro forma, no construction required. Seller has upgraded the roof, electrical panels, and copper plumbing throughout. Last non-redeveloped lot on this block of Robinson St; every neighboring parcel already rebuilt as new construction. Minutes to Silver Lake, Echo Park, East Hollywood, Koreatown, Larchmont.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Robinson St near Temple St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5156007016
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Freddie Gershinson, DRE#02254744 Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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Krystal Lane
Partner Lic# 1918284