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$6,100,000price
Beds
Total Baths
14,832Sqft

We are pleased to present the opportunity to acquire "637-643-647 North Maltman Avenue", an 18 unit, 3 building, investment opportunity located in Silver Lake (90026). The current ownership has created a proven concept that is supported by strong/sustainable current rents for 12 of the 18 units and allowing rental upside for the remaining. Furthermore, the astute investor could potentially undergo an exterior and common area improvement program that could further push rental values for the asset. An excellent unit composition includes One Bedroom, Jr. One Bedrooms and Single Family Homes. Situated on 3 contiguous R3 Zoned parcels of land totaling +/-22,499 SF, with +/- 150 feet of frontage on Maltman Avenue, which could allow for a future luxury development opportunity. Centrally located in Silver Lake, 637-643-647 North Maltman Avenue is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake sub-market. Contact agents for full marketing package.

Listing Details

Essential Information

MLS® #: 17287694
Price: $6,100,000
Bathrooms: 0.00
Square Footage: 14,832
Year Built: 1928
Type: Income
Status: Active

Community Information

Address: 643 Maltman Ave
Area: Silver Lake - Echo Park (C21)
City: Los Angeles (City)
County: Los Angeles
State: CA
Country: UNITED STATES OF AMERICA
Zip Code: 90026

Amenities

Parking Spaces: 8
Parking: Parking Space

Interior

Interior Features: Other
Heating: Other
Cooling: Wall or Window Units
# of Stories: 2

Additional Information

Date Listed: November 7th, 2017
Days on Market: 11
Zoning: LAR3
HOA Fees: 0.00

Financials

$/SqFt: $411
Listing Agent: Adam Zunder (01821053)
Listing Office: Keller Williams Studio City
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Last updated on November 18th, 2017 at 9:19am PST