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In-PersonVirtual Tour
$ 1,799,999
Est. payment | /mo
3 Beds
1,966 SqFt
$ 1,799,999
Est. payment | /mo
3 Beds
1,966 SqFt
Open House
Tue Aug 25, 11:00am - 2:00pm
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,966 sqft
Price per Sqft $915
MLS Listing ID CL26873519
Bedrooms 3
HOA Y/N No
Year Built 1936
Lot Size 5,560 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
Hi, I'm 2338, 2338 & 2340 Lake View Drive, a 1936 Spanish garden compound tucked into the hills of Silver Lake. Yes, I'm technically three separate residences. I prefer to think of myself as an exceptionally charming little real estate empire with better landscaping. My setup includes a 2-bedroom main residence with a separate office and 2-car garage used as a social cave, a spacious 1-bedroom residence, and a garden studio, all arranged across a lush, terraced lot with privacy, personality and with tree and city views. Each residence has its own character, along with arched entries, wood, wood-laminate, carpet and tile flooring, thoughtful lighting, kitchens with updated appliances, bathrooms with showers and/or tubs, and laundry available on the property. I've also had some serious work done and not the kind involving a suspiciously flattering profile picture. Improvements include new kitchen appliances throughout, tankless water heaters, extensive plumbing upgrades, a new sewer line and main water line, replacement piping, significant electrical updating, new exterior stairs, newer windows, soundproofing improvements, bathroom tile upgrades, a newer asphalt-shingle roof at the main residence, and a rebuilt chimney. There are also three separate gas meters and three separate electrical meters, making life considerably easier for an income-producing property. Outside, I'm where things get especially good. A small, cozy front yard and deck welcome you in, while terraced back gardens create multiple outdoor spaces for relaxing, entertaining or pretending you've finally mastered gardening. From various points around the property, you'll catch views across the city and surrounding hills. And then there's Silver Lake. I'm close to the neighborhood's restaurants, cafes, shops, creative energy, outdoor recreation and the Silver Lake Reservoir area near enough to enjoy the action while still feeling tucked away when you come home. For an investor, I arrive with another attractive feature: all residences are currently leased to excellent tenants, who are paying their individual utilities other than owner-paid water and landscaping. Historically, vacancies have been rare and the residences have rented quickly when available. No cash for keys conversations have been had with the tenants, FYI. All in all, I'm a unique opportunity to own a character-rich, multi-residence Silver Lake compound offering income, flexibility and substantial recent improvements, all wrapped
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace, Fireplace(s)
Flooring Tile, Wood
Fireplace No
Laundry Dryer, In Garage, Washer, Other
Exterior
Exterior Feature Back Yard, Front Yard
View Y/N true
View Canyon, Trees/Woods
Total Parking Spaces 2
Building
Lot Description Other, Back Yard, Front Yard
Water Public, Other
New Construction No
Others
Tax ID 5440020017
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Listed by Erik Brown • Compass
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California 94513, United States