626 Silver Lake Boulevard

Los Angeles, CA 90026

$998,000
Last Sold Price
4
Beds
2
Baths
1,950 Sq. Ft.
$512 / Sq. Ft.
1,950
Sq. Ft.
$512
per Sq. Ft.

Description

This renovated turnkey duplex in Silver Lake with legally permitted square footage added mixes modern amenities with a vintage twist. The property is well maintained, with each unit adding custom upgrades with taste- newer bedrooms, bathrooms, kitchens and flooring are present throughout. The lower-level unit has a gorgeous multi-colored wood panel wall and a spacious kitchen and dining area that opens to a tree-shaded, professionally landscaped yard. The upper-level unit has a bright kitchen that...This renovated turnkey duplex in Silver Lake with legally permitted square footage added mixes modern amenities with a vintage twist. The property is well maintained, with each unit adding custom upgrades with taste- newer bedrooms, bathrooms, kitchens and flooring are present throughout. The lower-level unit has a gorgeous multi-colored wood panel wall and a spacious kitchen and dining area that opens to a tree-shaded, professionally landscaped yard. The upper-level unit has a bright kitchen that opens to its own large outdoor private balcony. Each unit has its own laundry room. Both currently leased with reliable long-term tenants at market rates. This is a great opportunity for an investor to have a reliable income in a wonderful location. A detached two-car garage is at the back of a long, secure electronic gated driveway. Highway 101 and Sunset Blvd are nearby, along with Silver Lake's trendy restaurants, bars and clubs. Great Cap Rate and GRM. Drive-by only! Pro Video Available.

Listing Agent

  1. Finneus Egan

    Finneus Egan

    Listing Agent

    Compass

    DRE #01816916

    finn.egan@compass.com

    P: 310.266.4650

Property Details for 626 Silver Lake Boulevard

Zoning
LARD2
Parcel Number
5401022024
Total Units
2.0
Living Area
1950
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
4623

Location

Listing Courtesy of Coldwell Banker Realty, Finneus Egan, DRE #01816916

Sold By Sharpstone Realty, Inc., Gil Rodriguez, DRE #01500176

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LISTING UPDATED: 05/01/2019 10:17 AM

Property Details for 626 Silver Lake Boulevard

StatusSold
MLS #19-442180
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.11 AC / 4,623 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Finneus Egan, DRE #01816916

Sold By Sharpstone Realty, Inc., Gil Rodriguez, DRE #01500176

Add your commute

Virtual Tour

Building Information for 626 Silver Lake Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.11 AC / 4,623 SF

Payment Calculator

$6,549 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,446

Property Taxes

$1,103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 626 Silver Lake Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Property Condition: Updated/Remodeled
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: $61,800
  • Net Operating Income: $47,422.00
  • Gross Income: $61,800
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $16.00
  • Total Annual Expense: 14378
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 4623
  • Lot Features: Sprinklers None, Yard
  • Lot Description: Yard
  • Geocode Override: 0.0
  • Assessments: None
Parking Details
Parking Details
  • Parking Garage: Carport, Garage - 2 Car, Garage Is Detached
  • Total Parking: 4
  • Garage Spaces Total: 2
  • Parking Features: Carport, Garage - Two Door
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning, Window Unit(s)
  • Heating Type: Floor Furnace
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Laundry: In Unit, Inside, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Patio Features: Deck(s), Patio Open
Lease Terms
Lease Terms
  • Entry Date: 03-12-2019
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $2,730.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $210,171.00
  • Assessed Land Value: $481,532.00

Property History for 626 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 626 Silver Lake Boulevard

Taxable ValueLand$769,839Additions$300,215Total$1,070,054
Tax Record2023$13,231 ($1,103 / month)
Home Facts
Total Finished SqFt1,950 SqFtAbove Grade Finished SqFt1,950 SqFtLot Size4,623 SqFtStyleDuplexYear Built1924ZoningLARD2CountyLOS ANGELESAPN5401-022-024

Schools near 626 Silver Lake Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Miguel Contreras Learning Complex 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 Coldwell Banker Realty, Finneus Egan, DRE #01816916

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.