Listed By:
Bruce Jay with Bruce Jay Associates;
Address
802 N Dillon Street, Los Angeles, CA
Price
$ 1,450,000
Property Attributes
  • MLS#21702482
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake - Echo Park
  • Zip90026
  • StyleSpanish
  • Price$ 1,450,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2288
  • Lot Size0.0879 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

WOW!!! POSSIBLE $500k DOWN WITH BUILT-IN FINANCING, NO LOAN FEES, IMMEDIATE CASH-FLOW!! EXCEPTIONAL SILVER LAKE Corner Property! VACANT 2 Bedroom + Basement Owner's Unit that already has improvements, ongoing! Make it yours - Colors and More! OR, Rent this Vacancy AT Top Dollar Market Rates! Hidden away Silver Lake Corner Property with a Woodsy Curb Appeal. Assumable First Trust Deed: $820,000 5% FIXED Interest, with NO pre-pay fees, and NO Loan Fees for the Assumption, payable $3,417/month! Wonderful LUSH LANDSCAPE with Each Unit Private from the other units! Classic Character throughout! (circa 1923) Pre-Depression Construction (built better those days!). THREE Units Include the following: UNIT ONE: VACANT 2 Bed--1 Bath Owner's Unit (includes a Private Lower Level Basement - Estimated Rental Value: $4,000/month)....Plus UNIT TWO: 2 Bed--1 Bath Unit (Rented for $1,883/month)....Plus UNIT THREE: 1 Bed--1 Bath Unit ALL UPDATED with pictures online (Estimated Rental Value: $2,750/month). Great Silver Lake Location! A lovely Woodsy Setting...Storage Structure included in back with Laundry Area! Every Unit has a Private Entrance. Exterior Newly Painted, and so much more! Emotional and Exciting Offering, must see to appreciate! INCOME DETAILS BELOW are based upon projected rent & expenses are based upon Property Taxes & Utilities. Don't miss this one!

Price History
3/12/2023 Listed $1,695,000
12/27/2023 11% - $1,525,000
1/6/2024 5% - $1,450,000

General Features

Heating Combination,Central
Appliances Dishwasher,Disposal,Refrigerator,Dryer,Washer
Zoning LARD1.5
Architectural Style Spanish
Year Built 1923
Tenant Pays Electricity,Gas
View Hills,TreesWoods
Stories 2
Levels Two
Gross Income 117000.0
County Los Angeles
Net Operating Income 102000.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Facing Direction West
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions West of Silver Lake Blvd. on the Corner of N. Dillon Street and Marathon Street
City Los Angeles
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 2.0
Total Units 3
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 3828.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Dillon
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Property Condition UpdatedRemodeled
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 1124
Standard Status Active
Cap Rate 7.0
MobileHomeRemainsYN No

Interior Features

Flooring Laminate,Tile
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Total Bedrooms 6
Electric On Property Y/N No
Total Baths 3

Exterior Features

Parking Features Assigned
Total Parking 2.0
Lot Size Area 3828.0
Number of Buildings 1
Spa No
Building Area Total 2288.0
Lot Size Acres 0.0879
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90026

Price
AVG $2.15M
$1.45M
Visits
AVG 124
901
Data Provided by Inside Real Estate®
Year Built
AVG 1941
1923
Walkscore
AVG 84
88
Data Provided by Walkscore® not using MLS data