A rare four-unit property in the sought-after Silver Lake neighborhood, this distinctive compound features four freestanding bungalows, private outdoor spaces, and six on-site parking spaces just moments from Sunset Boulevard. The configuration includes two 2-bed bungalows (Units 946 and 946 3/4 ) and two 1-bed bungalows (Units 948 and 948… Read More 1/2), with the rear 2-bed, 1-bath residence (Unit 946 3/4) currently vacant and available for an owner-user or immediate lease-up. Current gross rental income is $6,405 per month ($76,860 annually), with projected market rents of approximately $10,500 per month ($126,000 annually), offering compelling flexibility and upside in one of Los Angeles' most desirable rental markets. At the front of the property, Unit 946 sits privately behind mature hedging and features 2 beds, 2 baths, and its own outdoor area. Beyond the wrought-iron gate, a shared sitting area provides a welcoming central gathering space, while Unit 948, a 1-bed, 1-bath bungalow, sits separately to the left. Further into the property, the vacant Unit 946 3/4 offers 2 beds and 1 bath and has recently been refreshed with new bamboo flooring and fresh interior paint. The spacious kitchen features abundant cabinetry and granite countertops, while both bedrooms are generously proportioned. The bathroom retains a classic clawfoot tub with shower, and an in-unit washer and dryer adds convenience. Direct access from both the kitchen and rear bedroom leads to a private gated outdoor area with a covered pergola, creating an additional extension of the living space. Unit 948 1/2, a 1 bed, 1 bath bungalow, is also positioned toward the rear of the property and includes its own private backyard patio. Additional amenities include a shared outdoor laundry area, communal sitting space, and a front parking lot with six dedicated spaces - an especially valuable feature in this central Silver Lake location. With four separate residences rather than a traditional multi-unit configuration, the property offers numerous possibilities for an investor, an owner-user, or a multi-generational household. The vacant rear bungalow provides immediate flexibility, while the existing income and potential market rents offer an opportunity to further optimize the property over time. Ideally located near Sunset Boulevard and some of Silver Lake's most popular destinations, including Bacari, Erewhon, and Intelligentsia, the property offers convenient access to neighborhood cafes, restaurants, shopping, and nearby outdoor recreation. Read Less
Property listed by Keller Williams Realty Los Feliz, Lori Harris 310-259-7556
Listing Snapshot
Days Online
34
Last Updated
Beds
6
3/4 Baths
5
Square Ft.
2,318
Lot Size
0.17 Acres
Year Built
1920
MLS Number
26881833
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1920, Living area: 2318.0, 4 buildings, Levels: One
Disclosures
RentControl
Income
Gross Income: $76,860, Net Operating Income: $76,860
Lot
0.1688 acres
Parking
6 open parking spaces, 6 total parking spaces, Driveway
Pool
None
Taxes
Parcel Number: 5427013021, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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