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3022 Silver Lake Blvd Los Angeles, CA 90039
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Key Details
Sold Price $2,295,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,207 sqft
Price per Sqft $715
MLS Listing ID 25548189
Sold Date 07/23/25
Bedrooms 8
Year Built 1937
Lot Size 9,561 Sqft
Acres 0.2195
Property Sub-Type Multi-Family
Property Description
This rare corner 4-plex offers a unique combination of versatility, income potential, and owner-user appeal. Situated on a generous 9,000+ square foot lot, the property consists of a detached single-family home fronting one street, and a separate triplex made up of three spacious townhouse-style units. The layout is ideal for a variety of uses, whether you're looking to live in one unit, or simply add a strong-performing asset to your portfolio. Currently, the property brings in $8,440 per month in rental income, with significant upside. One of the townhouse units is vacant and is projected to rent for $3,500/month. There's also additional potential from the use of a vintage 1986 Airstream trailer, which is tucked into the side yard and could possibly function as an owner's office or creative studio. Adding even more value, the property includes three large garages - ideal for tenant use, storage, or conversion into additional income-producing spaces. Behind the large 3 car garage, there is space where you could potentially add an ADU or two, offering additional long-term development upside (buyer to verify). Plenty of street parking thanks to the highly accessible corner lot, which allows for convenient access and avoids common urban parking restrictions. With existing tenants, plenty of space to expand, and multiple income streams, this property presents a rare opportunity for both investors and owner-occupants alike.
Location
State CA
County Los Angeles
Area Atwater
Zoning LAR1
Rooms
Other Rooms None
Interior
Heating Central, Wall
Cooling Central, Wall/Window
Equipment Dryer, Washer, Refrigerator, Range/Oven, Dishwasher
Exterior
Parking Features Garage Is Detached
Garage Spaces 3.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Sotheby's International Realty