1651 Redcliff Street

1651 Redcliff Street

Los Angeles, CA 90026

$5,995,000
Price
22
Beds
19
Baths
10,138 Sq. Ft.
$591 / Sq. Ft.
10,138
Sq. Ft.
$591
per Sq. Ft.
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Description

Welcome to 1651 Redcliff Street, an amazing 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprised of a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units, and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed,...Welcome to 1651 Redcliff Street, an amazing 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprised of a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units, and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed, commanding top-of-the-market rents. There are RTI (Ready-To-Issue) plans for a storage room to be converted into a spacious (+/-) 731 square foot Accessory Dwelling Unit (ADU). Featuring sunlit interiors with hardwood floors and carefully crafted architectural details, these units provide a warm and welcoming ambiance. Each unit boasts spacious bedrooms, updated kitchens with stainless steel appliances, stylish bathrooms, central AC, in-unit laundry, and private outdoor spaces in some units. Situated on a 16,736 square foot lot, aside from the newly constructed duplex, all units have undergone gut-level renovations, ensuring a modern living experience while preserving their timeless charm. Additionally, all units are separately metered for gas and electric, with parking available for 10+ vehicles. The property's prime location in Silver Lake offers proximity to cafes, entertainment venues, and lifestyle amenities such as Intelligentsia, Erewhon, Edendale, Forage, Michelangelo Ristorante, Ivanhoe Restaurant, Burgers Never Say Die, Whole Foods, and Trader Joe's. With DTLA, Los Feliz, and Hollywood just a short drive away, residents have access to countless dining and shopping options. Positioned in the thriving Silver Lake-Hollywood submarket, 1651 Redcliff presents an ideal investment opportunity for apartment operators seeking immediate returns and long-term wealth preservation through stable rental income and potential property appreciation. Its outstanding location, robust income metrics, and potential for future rental income growth make it an attractive asset. Buyer's responsibility includes verifying all zoning regulations and building feasibility with the Los Angeles Department of Building and Safety (LADBS) and other relevant city departments. To obtain further details or to arrange a showing, please contact the listing agent.
  1. Listed by Archie Robb • DRE #02002291 • Brokerage DRE #00686739 • Keller Williams Realty La Canada Flintridge

Property Details for 1651 Redcliff Street

Zoning
LAR2
Parcel Number
5425001049
Total Units
6.0
Living Area
10138
Source Living Area
Builder
Area
Silver Lake (671)
Vacancy Rate
1
Lot Size Area
16736

Location

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291
Add your commute
LISTING UPDATED: 04/17/2024 12:01 AM

Property Details for 1651 Redcliff Street

StatusActive
MLS #24-378071
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.38 AC / 16,736 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291
Add your commute

Building Information for 1651 Redcliff Street

Stories3Residences-Year Built1956Building Size-Lot Size0.38 AC / 16,736 SF

Payment Calculator

$35,136 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,717

Property Taxes

$2,419

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1651 Redcliff Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Residential
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $393,665
  • Net Operating Income: $297,105.00
  • Gross Income: $405,840
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $14.77
  • Total Annual Expense: 96560
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3797
  • Lot Size Square Feet: 16736
Parking Details
Parking Details
  • Parking Garage: Driveway, Carport Attached
  • Total Parking: 10
  • Open Other Spaces Total: 7
  • Carport Spaces Total: 3
  • Parking Features: Driveway, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Tile, Wood
  • Equipment: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,240.00
  • Unit Actual Rent: $6,240.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,860.00
  • Unit Actual Rent: $11,580.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 6
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $16,000.00
  • Unit Projected Rent: $16,000.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $613,534.00
  • Assessed Improvement Percent: 26.19
  • Assessed Land Value: $1,729,053.00
  • Assessed Land Percent: 73.81
  • Assessed Total Value: $2,342,587.00

Property History for 1651 Redcliff Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1651 Redcliff Street

Taxable ValueLand$1,729,053Additions$613,534Total$2,342,587
Tax Record2023$29,029 ($2,419 / month)
Home Facts
Total Finished SqFt4,758 SqFtAbove Grade Finished SqFt4,758 SqFtStories1Lot Size16,534 SqFtStyleQuadraplexYear Built1956ZoningLAR2CountyLOS ANGELESAPN5425-001-049

Schools near 1651 Redcliff Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Micheltorena Street Elementary School
Public - K to 5
Thomas Starr King Middle School
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
Lexington Avenue Primary Center
Public - K to 2
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1651 Redcliff Street, Los Angeles, CA 90026

1651 Redcliff Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on April 9, 2024 by Keller Williams Realty La Canada Flintridge, it's currently listed at $5,995,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1651 Redcliff Street is a 22-bed, 19-bath, 10,138 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.