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Multifamily

639 Robinson Street

639 Robinson St, Los Angeles, CA 90026

Listing Price: $2,850,000

Cap Rate
4.88%
Number of Units
6
GRM
13.77
Price/Unit
$475,000
Price/Gross SF
$699.73
Gross SF
4,073

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six unit renovated apartment community located at 639 Robinson Street. The subject property is located north of the 110 Freeway and west of Silver Lake Boulevard.

Located just minutes away from downtown Los Angeles, Silver Lake is renowned for its artistic flair, diverse dining scene, and scenic landscapes. Explore the eclectic neighborhood, where trendy boutiques, hip cafes, and world-class restaurants await. With easy access to Griffith Park’s hiking trails and the vibrant city scene, 639 Robinson Street offers the perfect location for those seeking the quintessential LA lifestyle.

Situated on a 6,616 square foot parcel, the property is comprised of one one-bedroom and five two-bedroom units. Current ownership has extensively renovated units with brand-new stainless-steel appliances, energy efficient washers & dryers in unit, powerful split AC/heat unit, dual pane windows, all new vinyl floors/tiles, and more.

639 Robinson Street presents investors with a unique opportunity to attain a fully renovated asset in a rapidly growing Silver Lake market making it an excellent investment opportunity poised for long-term stability.

Investment Highlights

  • 100% of Units Have Been Upgraded in 2021 with New Vinyl Flooring, New Stainless-Steel Kitchen Appliances, Central Heat/AC, In-Unit Washer/Dryer, Dual Pane Windows, New Tiles & More.
  • Attractive Assumable Financing is Available at 3.60% interest, Amortizing with a Maturity Date of January 1st, 2037
  • Located Right Along the Border of Silver Lake & Echo Park, Residents Enjoy Convenient Access to all the Retail, Entertainment, Restaurants & Nightlife that Silver Lake, Echo Park & DTLA Have to Offer
  • Generates Healthy Income Stream of $17,252 in Scheduled Rent Per Month Across 6 Units
  • Current Ownership Has Attentively Managed and Maintained the Property

Exclusively Listed By

Financing By

Multifamily

639 Robinson Street

Listing Price: $2,850,000

Cap Rate
4.88%
Number of Units
6
GRM
13.77
Price/Unit
$475,000
Price/Gross SF
$699.73
Gross SF
4,073

Investment Highlights

  • 100% of Units Have Been Upgraded in 2021 with New Vinyl Flooring, New Stainless-Steel Kitchen Appliances, Central Heat/AC, In-Unit Washer/Dryer, Dual Pane Windows, New Tiles & More.
  • Attractive Assumable Financing is Available at 3.60% interest, Amortizing with a Maturity Date of January 1st, 2037
  • Located Right Along the Border of Silver Lake & Echo Park, Residents Enjoy Convenient Access to all the Retail, Entertainment, Restaurants & Nightlife that Silver Lake, Echo Park & DTLA Have to Offer
  • Generates Healthy Income Stream of $17,252 in Scheduled Rent Per Month Across 6 Units
  • Current Ownership Has Attentively Managed and Maintained the Property

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six unit renovated apartment community located at 639 Robinson Street. The subject property is located north of the 110 Freeway and west of Silver Lake Boulevard. Located just minutes away from downtown Los Angeles, Silver Lake is renowned for its artistic flair, diverse dining scene, and scenic landscapes. Explore the eclectic neighborhood, where trendy boutiques, hip cafes, and world-class restaurants await. With easy access to Griffith Park’s hiking trails and the vibrant city scene, 639 Robinson Street offers the perfect location for those seeking the quintessential LA lifestyle. Situated on a 6,616 square foot parcel, the property is comprised of one one-bedroom and five two-bedroom units. Current ownership has extensively renovated units with brand-new stainless-steel appliances, energy efficient washers & dryers in unit, powerful split AC/heat unit, dual pane windows, all new vinyl floors/tiles, and more. 639 Robinson Street presents investors with a unique opportunity to attain a fully renovated asset in a rapidly growing Silver Lake market making it an excellent investment opportunity poised for long-term stability.

Exclusively Listed By

Financing By

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