2432 Riverside Drive

Los Angeles, CA 90039

$1,200,000
Last Sold Price
3
Beds
2
Baths
1,596 Sq. Ft.
$752 / Sq. Ft.
1,596
Sq. Ft.
$752
per Sq. Ft.

Description

This lovingly maintained 1928 hillside Spanish duplex in Silver Lake is an incredible opportunity for owner-users fatigued by the single family home drought. The 2/1 owners unit upstairs is bright and airy, filled with character and charm including coved ceilings, an updated kitchen and bath, and a cozy sunroom. The lower 1/1 unit comes with tenants in place to offset your mortgage. Gated access leads to an entry patio, the lower unit comes with its own gated private patio, and a tiered patio above...This lovingly maintained 1928 hillside Spanish duplex in Silver Lake is an incredible opportunity for owner-users fatigued by the single family home drought. The 2/1 owners unit upstairs is bright and airy, filled with character and charm including coved ceilings, an updated kitchen and bath, and a cozy sunroom. The lower 1/1 unit comes with tenants in place to offset your mortgage. Gated access leads to an entry patio, the lower unit comes with its own gated private patio, and a tiered patio above the owners unit includes a pergola and several unique outdoor spaces lined with succulents and southwestern flair. Perched above the property is a detached studio, ideal for creatives, yogis, or anyone who wants to stop working from their living room. 2432 Riverside Dr is a brief trip to countless neighborhood favorites, including Salazar, Frogtown Brewery, Ivanhoe, Whole Foods 365, Silver Lake Wine, Burgers Never Say Die, and Red Lion Tavern.
  1. Listed by Stephen Clark • DRE #01482283 • Brokerage DRE #00625769 • Compass

Property Details for 2432 Riverside Drive

Zoning
LAR2
Style
Spanish
Parcel Number
5438005005
Total Units
2.0
Living Area
1596
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
2%

Location

Listing Courtesy of Compass, Stephen Clark, DRE #01482283

Sold By Compass, Chris Chough, DRE #02108870; Compass, Stephen Clark, DRE #01482283

Add your commute
LISTING UPDATED: 04/13/2021 12:36 PM

Property Details for 2432 Riverside Drive

StatusSold
MLS #21-702414
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.10 AC / 4,154 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Stephen Clark, DRE #01482283

Sold By Compass, Chris Chough, DRE #02108870; Compass, Stephen Clark, DRE #01482283

Add your commute

Building Information for 2432 Riverside Drive

Stories-Residences-Year Built1928Building Size-Lot Size0.10 AC / 4,154 SF

Payment Calculator

$7,816 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2432 Riverside Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $62,460
  • Net Operating Income: $59,992.00
  • Gross Income: $0
  • Cap Rate: 4.80%
  • Gross Rent Multiplier: $20.00
  • Total Annual Expense: 2468
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0954
  • Lot Size Square Feet: 4154
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 2 Car
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central, Window Unit(s)
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-10-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,655.00
  • Unit Actual Rent: $1,705.00
  • Unit Projected Rent: $1,705.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $178,500.00
  • Assessed Improvement Percent: 25.04
  • Assessed Land Value: $534,480.00
  • Assessed Land Percent: 74.96
  • Assessed Total Value: $712,980.00

Property History for 2432 Riverside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2432 Riverside Drive

Taxable ValueLand$936,360Additions$312,120Total$1,248,480
Tax Record2023$15,201 ($1,267 / month)
Home Facts
Total Finished SqFt1,596 SqFtAbove Grade Finished SqFt1,596 SqFtLot Size4,154 SqFtStyleDuplexYear Built1928ZoningLAR2CountyLOS ANGELESAPN5438-005-005

Schools near 2432 Riverside Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Allesandro Elementary School
PublicK to 6

Renaissance Arts Academy
CharterK to 12

John Marshall Senior High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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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 Compass, Stephen Clark, DRE #01482283

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.