3401 Plata Street

    Silver Lake, CA 90026
    • $1,200,000
    • STATUS: Active Under Contract
    • ON SITE: 115 days
    • ID#: OC18198108
    Under Contract
    UPDATED: 42 min ago
    $1,200,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,330
      SQFT
    • $902
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Duplex in Silver Lake with PLANs for a new 3 stories building at the final stages of approval. Highly desirable area w/ multiple developments & revitalization projects close by. Lots of money are being invested to modernize the area. Walking distance to K- Town / Vermount, all the metro-city living of Silver Lake. 2 garage parking. Mins to DTLA. Here is the best part. WE ALREADY GOT PLANS at the final stages of approval! Investor and developers, this property is located right next to a project that just sold over $3million. Perfect for a 1031 Exchange. We have approved plans going through the final stages on green approval to build a 3 stores duplex (4/3 each unit over 4000 sqft total) on the same site. It would have view of the city lights of DTLA & the master suite on the 3rd stories would have view of the famous Hollywood sign.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/86569761

    3401 Plata Street Silver Lake, CA 90026

    • Price: $1,200,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • ID#: OC18198108
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,330
    SQFT
    $902
    $/SQFT
    1921
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Duplex in Silver Lake with PLANs for a new 3 stories building at the final stages of approval. Highly desirable area w/ multiple developments & revitalization projects close by. Lots of money are being invested to modernize the area. Walking distance to K- Town / Vermount, all the metro-city living of Silver Lake. 2 garage parking. Mins to DTLA. Here is the best part. WE ALREADY GOT PLANS at the final stages of approval! Investor and developers, this property is located right next to a project that just sold over $3million. Perfect for a 1031 Exchange. We have approved plans going through the final stages on green approval to build a 3 stores duplex (4/3 each unit over 4000 sqft total) on the same site. It would have view of the city lights of DTLA & the master suite on the 3rd stories would have view of the famous Hollywood sign.
    Exterior Features

    Architectural Style Cottage Direction Faces West Fence YN Yes Fencing Wood Foundation Details Raised Garage Spaces 2.00 Lot Features Corner LotSprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes View City Lights View YN Yes

    Interior Features

    Appliances Gas StoveGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Cooling YN Yes Flooring Wood Heating Central Furnace Heating YN Yes Laundry Features Gas Dryer HookupWasher Hookup Levels One Room Type All Bedrooms Down Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Electricity - On Property Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 39780.00 Gross Scheduled Income 46800.00 Insurance Expense 250.00 Land Lease YN No Laundry YN Yes Net Operating Income 39780.00 New Construction YN No New Taxes Expense 5265.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number With Dishwasher 2 Number With Disposal 2 Number With Patio 2 Number With Range 2 Number With Refrigerator 1 Operating Expense 7020.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 1600.00 Total Expenses 5715.00 Trash Expense 0.00 Utilities Natural Gas ConnectedSewer Connected Water Sewer Expense 200.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Tiffany Phan of Clear Water Capital Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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