Sold
Listed By:
Arthur Mangassarian with Re/Max Tri-City Realty;
Sold By:
Keller Williams Realty Los Feliz
Address
3650 Monon Street, Los Feliz, CA
Price
$ 5,600,000
Property Attributes
  • MLS#GD23041106
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Feliz
  • Zip90027
  • Style
  • Price$ 5,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage19503
  • Lot Size0.3237 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Price reduced by $675,000. This building includes 20 Units in the Los Feliz Silver-Lake area! The offering provides investors with a unique opportunity to acquire twenty units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 3650 Monon Drive is ideally located in Los Feliz (border of Silver Lake) nearby to many neighborhood hotspots! It features an ideal unit composition of 2 large three Bedrooms, 8 two Bedrooms, 2 one Bedroom, and 1 Single unit. The units offer many original details featured from 1960s construction such as original windows with beautiful natural light coming in. This building includes elevators, a washer/dryer room, and some of the units have been remodeled. 13.18 GRM, $300,000 per Unit, and Trust Sale. All units are currently rented out with the opportunity to increase rent prices. The location is ideal for renters looking to live in the beautiful and fun Silver Lake market! Silver Lake attracts young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 3650 Monon Drive is a short walk from many happening coffee shops and dining options and a short drive to Downtown LA and Hollywood!

Price History

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 90027

Price
AVG $4.39M
$5.6M