3121 Silver Lake Boulevard

Los Angeles, CA 90039

$1,999,000
Price
4
Beds
4
Baths
2,007 Sq. Ft.
$996 / Sq. Ft.
2,007
Sq. Ft.
$996
per Sq. Ft.

Description

Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. One unit is can be used for an owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be...Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. One unit is can be used for an owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be able to build another ADU on the property. Current gross income is approximately $9,400 a month. That will bring you to a total of $11,600/mo once just the garage ADU is completed. It is in a great Atwater location and is a very nice property with plenty of neighborhood parking conveniently located within a couple blocks of Atwater Village Farmer's Market!
  1. Listed by TRAVIS ELY • DRE #01895065 • Brokerage DRE #01895065 • TRAVIS ELY • elytravis@starlightpartners.com

Property Details for 3121 Silver Lake Boulevard

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2007
Assessor Parcel Number
5437-004-042
Property Attached YN
true

Location

Listing Courtesy of TRAVIS ELY, TRAVIS ELY, DRE #01895065
Add your commute
LISTING UPDATED: 05/08/2024 11:37 PM

Property Details for 3121 Silver Lake Boulevard

StatusActive
MLS #WS24092853
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.11 AC / 4,850 SF
CountyLos Angeles County

Location

Listing Courtesy of TRAVIS ELY, TRAVIS ELY, DRE #01895065
Add your commute

Building Information for 3121 Silver Lake Boulevard

Stories2Residences-Year Built1929Building Size-Lot Size0.11 AC / 4,850 SF

Payment Calculator

$11,725 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,909

Property Taxes

$816

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3121 Silver Lake Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $112,788
  • Gross Scheduled Income: $112,788
  • Net Operating Income: $86,788
Expense Details
  • Operating Expense: $26,000
  • New Taxes Expense: $20,000
  • Insurance Expense: $2,000
  • Trash Expense: $1,000
  • Water Sewer Expense: $3,000
  • Total Expenses: $26,000
Tax / Assessment Info
  • Tax Tract Number: 5581
  • Tax Census Tract: 1871.02
  • CFD/Mello-Roos Fee: $428
  • Tax Lot: 89
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,550
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,054
  • Unit Type Total Rent: $2,054
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 3121 Silver Lake Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3121 Silver Lake Boulevard

Taxable ValueLand$535,447Additions$245,076Total$780,523
Tax Record2023$9,790 ($816 / month)
Home Facts
Total Finished SqFt2,007 SqFtAbove Grade Finished SqFt2,007 SqFtLot Size4,850 SqFtStyleQuadraplexYear Built1929ZoningLAR1CountyLOS ANGELESAPN5437-004-042

Schools near 3121 Silver Lake Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Atwater Avenue Elementary School
PublicK to 6

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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3121 Silver Lake Boulevard is a multi-family home for sale in Los Angeles, CA 90039. This property was listed for sale on May 8, 2024 by TRAVIS ELY, it's currently listed at $1,999,000. It has been on the market for a total of 16 days and was last sold on May 23, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Atwater Avenue Elementary School, Washington Irving Mid School Math Music and Engr Magnet and John Marshall Senior High School. 3121 Silver Lake Boulevard is a 4-bed, 4-bath, 2,007 sqft multi-family home built in 1929.

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 TRAVIS ELY, TRAVIS ELY, DRE #01895065

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.