651 North Dillon Street

Los Angeles, CA 90026

$1,630,000
Last Sold Price
6
Beds
4
Baths
1,952 Sq. Ft.
$835 / Sq. Ft.
1,952
Sq. Ft.
$835
per Sq. Ft.

Description

FULLY OCCUPIED. $9,700/mo in gross rents. Built in 1924, this charming two-on-a-lot is located in the coveted Silver Lake neighborhood, just minutes away from many bars and restaurants. The gated residences sit on 6,590 square feet, offering privacy and plenty of parking. BOTH units feature three nicely sized bedrooms and two bathrooms. bathrooms. The front house is occupied, bringing in $4,200/month (rent controlled). The most desirable house is OCCUPIED @ $5,500/mo in the rear of the property and...FULLY OCCUPIED. $9,700/mo in gross rents. Built in 1924, this charming two-on-a-lot is located in the coveted Silver Lake neighborhood, just minutes away from many bars and restaurants. The gated residences sit on 6,590 square feet, offering privacy and plenty of parking. BOTH units feature three nicely sized bedrooms and two bathrooms. bathrooms. The front house is occupied, bringing in $4,200/month (rent controlled). The most desirable house is OCCUPIED @ $5,500/mo in the rear of the property and was remodeled just a few years ago along with the front house offering an updated roof, plumbing, and electrical. Entering the rear unit, you are greeted by a one car garage converted into an office space, complete with sliding glass doors that open onto the patio. Presenting a park-like setting, the wraparound outdoor space offers a wood garden box and multiple areas for seating and outdoor dining. Between the location and layout, this property has immense opportunity for a variety of buyers. Please do not disturb tenants Offer subj to interior inspection.
  1. Listed by Matt Manner • DRE #01449965 • Brokerage DRE #01449965 • Best and Final Real Estate

Property Details for 651 North Dillon Street

Zoning
LAR2
Style
California Bungalow
Parcel Number
5401014020
Total Units
2.0
Living Area
1952
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0%

Location

Listing Courtesy of Best and Final Real Estate, Matt Manner, DRE #01449965

Sold By Pellego, Inc., Jason Tsai, DRE #02068481

Add your commute
LISTING UPDATED: 12/08/2022 12:01 PM

Property Details for 651 North Dillon Street

StatusSold
MLS #22-169519
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.15 AC / 6,591 SF
CountyLos Angeles County

Location

Listing Courtesy of Best and Final Real Estate, Matt Manner, DRE #01449965

Sold By Pellego, Inc., Jason Tsai, DRE #02068481

Add your commute

Building Information for 651 North Dillon Street

Stories1Residences-Year Built1924Building Size-Lot Size0.15 AC / 6,591 SF

Payment Calculator

$10,553 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,896

Property Taxes

$1,657

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 651 North Dillon Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
  • Management Company Name: Best and Final Real Estate Inc
  • Management Company Phone: 2133217506|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: two on a lot
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Building Permit: 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: Scheduled
  • Gross Operating Income: $116,400
  • Net Operating Income: $116,400.00
  • Gross Income: $116,400
  • Gross Rent Multiplier: $14.18
  • Lease Per Month Year: Month
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Gross
  • Paved: Yes
  • Lot Acreage: 0.1513
  • Lot Size Square Feet: 6591
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Description: Automatic Gate, Back Yard, Front Yard, Fenced, Fenced Yard, Yard
Parking Details
Parking Details
  • Parking Garage: Driveway Gate, Auto Driveway Gate, Uncovered
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Auto Driveway Gate, Uncovered
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator
  • Bedroom Features: Master Suite
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Oven-Gas, Range, Gas
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Roof: Asphalt
  • Sprinklers: Drip System
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structural Features: Full Copper Plumbing, Two On A Lot
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 06-17-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,199.00
  • Unit Actual Rent: $4,199.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 651
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 653
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 44.53
  • Assessed Land Value: $.00
  • Assessed Land Percent: 0
  • Assessed Total Value: $.00

Property History for 651 North Dillon 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 651 North Dillon Street

Taxable ValueLand$1,000,000Additions$630,000Total$1,630,000
Tax Record2023$19,885 ($1,657 / month)
Home Facts
Total Finished SqFt1,952 SqFtAbove Grade Finished SqFt1,952 SqFtLot Size6,591 SqFtStyleDuplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5401-014-020

Schools near 651 North Dillon Street

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 Best and Final Real Estate, Matt Manner, DRE #01449965

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.