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$ 1,500,000
Est. payment | /mo
5 Beds
4 Baths
2,892 SqFt
$ 1,500,000
Est. payment | /mo
5 Beds
4 Baths
2,892 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,892 sqft
Price per Sqft $518
MLS Listing ID 26642809
Bedrooms 5
HOA Y/N No
Year Built 1949
Lot Size 6,616 Sqft
Property Description
732 Robinson St | 4-Unit Residential Income Property in Prime Silver Lake. Built in 1949 on a 6,616 SF lot with 2,892 SF of improvements, this well-maintained asset features an attractive unit mix of (3) 1-bed/1-bath units and (1) 2-bed/2-bath unit. (1) 1-Bed/1-Bath Unit will be delivered vacant. The property has been thoughtfully improved over time with updated interiors and well-kept common areas, offering a peaceful, greenery-filled setting with a rare sense of privacy just moments from Sunset Junction and the heart of Silver Lake. Offered at $1,500,000 ($375,000/unit | $518.67/SF) with a 4.53% in-place cap rate and 7.33% pro forma cap rate, the property provides immediate upside through leasing the vacant unit and long-term value potential through organic rent growth. A key differentiator is the inclusion of a sizable storage structure with rear access, offering added flexibility and potential future ADU conversion (buyer to verify).
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal
Exterior
Parking Features Driveway
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5401017006
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.
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Carlos Elizalde
REALTOR® | License ID: 02090487