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$2,550,000
Est. payment /mo
3,674 SqFt
UPDATED:
12/05/2024 04:35 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,674 sqft
Price per Sqft $694
MLS Listing ID 24458383
HOA Y/N No
Year Built 1937
Lot Size 4,020 Sqft
Property Description
Located on one of the most desirable stretches of Silver Lake going into Los Feliz lies this remarkable mixed-use office and live/work opportunity. Perfect for the owner/user or investor. The commercial building is a total of 3,674 RSF on a 4,021 RSF lot. The office space is 1,895 RSF and will be delivered 100% vacant. The live/work space is 1,779 RSF, and is occupied until February 28, 2026. Bringing in $2,513/mo, as an owner/user you can occupy 51% of the property at close of escrow, which allows one to be qualified for an SBA loan. The vacant office space features poured concrete floors, two executive offices, two junior offices, one shared work space perfect for assistants or freelancers, as well as an open office bay for additional freelancers or joint working. A large conference room features floor to ceiling windows, presenting great changing light throughout the day. The office kitchen is centrally located and provides ample storage, the unit also features two bathrooms one for guests located just off the lobby, as well as a second executive bathroom. The unit also featured three skylights, located throughout the space. Additionally, the potential of subdividing the office into two separate leased offices exists for further investment opportunity. The 1,779 RSF live/work, residence portion of the property is composed of a Japanese inspired two bedroom one bathroom artist loft, featuring custom millwork throughout; a perfect live work space for the creative spirit with minimal landlord responsibilities. The property comes with parking for two: the one car garage, plus a one-car gated driveway. Ample metered parking exists along Hyperion in addition to the nearby residential streets. Conveniently located to the best Silver Lake has to offer, including iconic restaurants, some of the city's best coffee and Erewhon.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAC2
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Carport, Door-Single, Garage
Total Parking Spaces 2
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5431001015
Acceptable Financing Lease Option
Listing Terms Lease Option
Special Listing Condition Standard
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Listed by Daria Greenbaum • Compass
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