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Multifamily

4014 Effie St

4014 Effie St, Los Angeles, CA 90029

Listing Price: $1,675,000

Cap Rate
5.24%
Number of Units
3
GRM
13.89
Occupancy
100.0%
Price/Unit
$558,333

Investment Overview

Marcus & Millichap is pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd.

Silver Lake is an Eastside neighborhood that fully embraces the hipster lifestyle. Although often described as the Brooklyn of Los Angeles, Silver Lake is much more than just a hipster haven. The popular central L.A. neighborhood has gone from urban grit to sophisticated chic over the years and is home to celebrities, creatives, professionals, and an ever increasing number of families. Funky blocks with street art are lined with artisanal coffee shops, vegan cafes and creative Asian eateries, as well as indie music venues, trendy bars and boutiques. These food and entertainment centers earned this area a walk score of 80. The area also includes fine examples of modernist architecture and a namesake reservoir that is ringed by a popular walking trail with a dog park and a grassy meadow. Silver Lake is diverse, eclectic, and above all, authentic. It offers some of the best of L.A. living, in close proximity to Hollywood and Downtown Los Angeles and incredible hilltop views, independent boutique shopping, and an increasingly popular dining scene. Residents also enjoy the easy access to sought-after outdoor spaces such as Silver Lake Meadows, Silver Lake Dog Park, Barnsdall Art Park, Bellevue Park Basketball Courts, Echo Park, and Elysian Park. The famous Elysian Park is home to Secret Swing Angels Point, Dodger Stadium, Victory Memorial Grove, Radio Hill, and is adjacent to Los Angeles State Historic Park.

Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family dwellings, giving tenants a quiet and private location. All units include a spacious back patio where tenants can enjoy recreation. Along with the patios, this triplex offers three (3) on-site parking spaces along with ample street parking available. Tenants will love living just down the street from the Sunset Junction. This pocket allows immediate access to incredible local amenities including Erewhon, El Cid, Silver Lake Meadows, 4100 Bar, the Black Cat, and Intelligentsia Coffee.

Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a fully turn-key character, bungalow style asset that looks and feels like single-family dwellings.

Investment Highlights

  • Prime Silver Lake Location
  • Rare, Character Bungalow Style Property
  • Three (3) Detached Buildings that Look & Feel Like Single-Family Dwellings
  • Immediate Access to Sunset Junction Just One (1) Block South
  • Fully Turn-Key Asset
  • Great Unit Mix - 100% 2-Bedroom Units
  • All Units Feature a Spacious & Private Patios
  • Three (3) On-Site Parking Spaces & Ample Street Parking Available

Exclusively Listed By

Financing By

Multifamily

4014 Effie St

Listing Price: $1,675,000

Cap Rate
5.24%
Number of Units
3
GRM
13.89
Occupancy
100.0%
Price/Unit
$558,333

Investment Highlights

  • Prime Silver Lake Location
  • Rare, Character Bungalow Style Property
  • Three (3) Detached Buildings that Look & Feel Like Single-Family Dwellings
  • Immediate Access to Sunset Junction Just One (1) Block South
  • Fully Turn-Key Asset
  • Great Unit Mix - 100% 2-Bedroom Units
  • All Units Feature a Spacious & Private Patios
  • Three (3) On-Site Parking Spaces & Ample Street Parking Available

Investment Overview

Marcus & Millichap is pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd. Silver Lake is an Eastside neighborhood that fully embraces the hipster lifestyle. Although often described as the Brooklyn of Los Angeles, Silver Lake is much more than just a hipster haven. The popular central L.A. neighborhood has gone from urban grit to sophisticated chic over the years and is home to celebrities, creatives, professionals, and an ever increasing number of families. Funky blocks with street art are lined with artisanal coffee shops, vegan cafes and creative Asian eateries, as well as indie music venues, trendy bars and boutiques. These food and entertainment centers earned this area a walk score of 80. The area also includes fine examples of modernist architecture and a namesake reservoir that is ringed by a popular walking trail with a dog park and a grassy meadow. Silver Lake is diverse, eclectic, and above all, authentic. It offers some of the best of L.A. living, in close proximity to Hollywood and Downtown Los Angeles and incredible hilltop views, independent boutique shopping, and an increasingly popular dining scene. Residents also enjoy the easy access to sought-after outdoor spaces such as Silver Lake Meadows, Silver Lake Dog Park, Barnsdall Art Park, Bellevue Park Basketball Courts, Echo Park, and Elysian Park. The famous Elysian Park is home to Secret Swing Angels Point, Dodger Stadium, Victory Memorial Grove, Radio Hill, and is adjacent to Los Angeles State Historic Park. Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family dwellings, giving tenants a quiet and private location. All units include a spacious back patio where tenants can enjoy recreation. Along with the patios, this triplex offers three (3) on-site parking spaces along with ample street parking available. Tenants will love living just down the street from the Sunset Junction. This pocket allows immediate access to incredible local amenities including Erewhon, El Cid, Silver Lake Meadows, 4100 Bar, the Black Cat, and Intelligentsia Coffee. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a fully turn-key character, bungalow style asset that looks and feels like single-family dwellings.

Exclusively Listed By

Financing By

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