Description
This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.
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12BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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7,662SQFT
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$482$/SQFT
School Ratings & Info
Description
This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T20:42:42.93. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.