Los Angeles - 4 Plex: Property For Sale

Properties For Sale Los Angeles - 4 Plex

Los Angeles - 4 Plex

3325 Berkeley Ave. Los Angeles

Drive By Only. Do Not Disturb Tenants. Tenants Do Not Know Property Is For Sale

Offered at:
$1,299,000

Property Description

We proudly present The Berkeley/Silver Lake Apartments. This beautiful well maintained 1920's four unit property provides a unit mix of 1 (3+1) and 3 (1+1) and consists of two buildings with a central common courtyard area for tenants to sit outside and relax. Some units have been recently updated and interiors show well. Four enclosed garages.

The property is located in prime Silver Lake, which is rapidly gentrifying into one of the most sought after areas to live in Los Angeles. The area is known for its restaurants and hipster hangouts, and many notable people have made their homes there.

With nearby areas such as Virgil Village, Sunset Junction, The Reservoir, Los Feliz, Griffith Park, Echo Park, East Hollywood, and all of the best shops, restaurants, cafe's, and boutiques in LA's coolest neighborhood. There is no shortage of restaurants and shops to explore.

Silver Lake is flanked on the northeast by Atwater Village and Elysian Valley, on the southeast by Echo Park, on the southwest by Westlake, on the west by East Hollywood.

Current Income

3 bedroom 1 bath $1,283
1 bedroom 1 bath $949
1 bedroom 1 bath $1,133
1 bedroom 1 bath $1,133
Monthly Total $4,498

Cash Flow Analysis

Gross Scheduled Income $53,976
Operating Expenses $13,494 (25%)
Net Operating Income $40,482

Acquisition Data

Down Payment $324,750
Loan Amount $974,250

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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