4112 Effie Street

Los Angeles, CA 90029

$1,495,000
Price
5
Beds
5
Baths
2,739 Sq. Ft.
$546 / Sq. Ft.
2,739
Sq. Ft.
$546
per Sq. Ft.

Description

Welcome to 4112 Effie Street, a prime investment opportunity nestled in the sought-after Silver Lake neighborhood of Los Angeles, CA. This property presents a rare chance to acquire a 5-unit investment property with immense potential. The property comprises 4 one-bedroom, one-bathroom units, along with a studio + one bath unit. Spanning across 2,739 square feet of living space, this investment property sits on a generous lot of 8,203 square feet. Zoned LARD1.5, this offering also presents the potential...Welcome to 4112 Effie Street, a prime investment opportunity nestled in the sought-after Silver Lake neighborhood of Los Angeles, CA. This property presents a rare chance to acquire a 5-unit investment property with immense potential. The property comprises 4 one-bedroom, one-bathroom units, along with a studio + one bath unit. Spanning across 2,739 square feet of living space, this investment property sits on a generous lot of 8,203 square feet. Zoned LARD1.5, this offering also presents the potential for future development opportunities, making it an enticing prospect for savvy investors.This property offers a unique chance to capitalize on the thriving rental market in Silver Lake. Whether you're seeking an income-generating investment or considering future development possibilities, this property is a compelling option. Close to Sunset Junction with all the amazing shops and restaurants, Erewhon, Farmer's Market, The Win~Dow burger spot, Tartine, and so much more.

Listing Agents

  1. Eugene Ridenour

    Eugene Ridenour

    Listing Agent

    Compass

    DRE #01352359

  2. Kurt Wisner

    Kurt Wisner

    Alternative Listing Agent

    Compass

    DRE #01431217

    kurt@compass.com

    P: 323.667.0700

Property Details for 4112 Effie Street

Zoning
LARD1.5
Parcel Number
5429009012
Total Units
5.0
Living Area
2739
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
8198

Location

Listing Courtesy of Compass, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217
Add your commute
LISTING UPDATED: 04/30/2024 12:01 AM

Property Details for 4112 Effie Street

StatusActive
MLS #24-383055
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.19 AC / 8,198 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217
Add your commute

Building Information for 4112 Effie Street

Stories1Residences-Year Built1935Building Size-Lot Size0.19 AC / 8,198 SF

Payment Calculator

$8,810 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$651

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4112 Effie Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: 5 Units
  • Water Heaters: Yes
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: Actual
  • Gross Operating Income: $89,174
  • Net Operating Income: $58,087.00
  • Gross Income: $91,931
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.00
  • Actual Annual Gross Rent: $91,931.00
  • Actual Gross Annual Income: $91,931
  • Actual Rent Total: $91,931.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 31087
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1882
  • Lot Size Square Feet: 8198
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Detached, Driveway, Driveway - Combination
  • Total Parking: 0
  • Parking Features: Driveway, Driveway - Combination
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall Unit(s), Wall/Window, Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,493.00
  • Unit Actual Rent: $1,493.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,452.00
  • Unit Actual Rent: $1,452.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,470.00
  • Unit Actual Rent: $1,470.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,148.00
  • Unit Actual Rent: $1,148.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $258,742.00
  • Assessed Improvement Percent: 42.72
  • Assessed Land Value: $346,954.00
  • Assessed Land Percent: 57.28
  • Assessed Total Value: $605,696.00

Property History for 4112 Effie 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 4112 Effie Street

Taxable ValueLand$346,954Additions$258,742Total$605,696
Tax Record2023$7,817 ($651 / month)
Home Facts
Total Finished SqFt2,739 SqFtAbove Grade Finished SqFt2,739 SqFtLot Size8,203 SqFtStyleMulti-Family Res (5+ Units)Year Built1935ZoningLARD1.5CountyLOS ANGELESAPN5429-009-012

Schools near 4112 Effie Street

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
Public - K to 2
Rating
School
Distance
Lockwood Avenue Elementary School
PublicK to 6

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.

Similar Homes

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Similar Sold Homes

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4112 Effie Street is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on April 22, 2024 by Compass, it's currently listed at $1,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Lockwood Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 4112 Effie Street is a 5-bed, 5-bath, 2,739 sqft multi-family home built in 1935.

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, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217

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.