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1431 Silver Lake Blvd, Los Angeles, CA 90026
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1431 Silver Lake Blvd Los Angeles, CA 90026

$1,350,000 Sold Price as of 01/11/2022
  • 6 Beds
  • 4 Baths
  • 2,652 Sq.Ft.
Sold
$1,350,000 Sold Price as of 01/11/2022 Refinance Your Mortgage
Map preview of 1431 Silver Lake Blvd, Los Angeles, CA 90026

Property Overview: 1431 Silver Lake Blvd Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,652 living square feet and 4,596 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Once in a generation opportunity to acquire four units in the heart of Silver Lake. Front structure comprises three 1b1b units all with functional layouts and dedicated deck / porch space from which upper units have nice hillside views and lower unit enjoys placid garden feel. Unit 1431 1/2 (upper 1b1b) now delivered vacant at COE offering new owner immediate opportunity to reimagine and offer at market rent. Back bungalow is privately tucked away and offers 3 bedrooms and 1 full bath along with light-filled living room, dining nook, and sunroom/office. Property is located right between Sunset Blvd and the Silver Lake Reservoir walking path, green space, and dog park. Residents can take advantage of neighborhood amenities too numerous to list: LAMILL, Botanica, L&E Oyster Bar, Alimento, Yakuza Sushi, Silver Lake Farmers Market, Whole Foods, Erewhon, Trader Joes, Intelligentsia, La Colombe, Bacari, and on and on. Property is cash flow positive with current rents and still has 35% upside. So don't let this golden... er, Silver opportunity pass you by!

Listed by Joel Nass | BRE #01954931 | Clint Lukens Realty
Last checked: 12 minutes ago | Last updated: February 2nd, 2024 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
4,596
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21781234
City
Los Angeles
County
Los Angeles
Time on Site
1031 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,614
  • Total Rent: $1,614
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.87%
  • Gross Rent Multiplier: 14.67
  • Gross Scheduled Income: --
  • Net Operating Income: $63,513
  • Gross Operating Income: $85,600
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1431 Silver Lake Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Has View
  • View: Park/Greenbelt, Hills
  • Total # of Units: 4
  • Parcel Number: 5425020002
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Westside of Silver Lake Blvd. North of Sunset and South of Berkeley.
View more facts & features

Local Los Angeles Agent

Sale History for 1431 Silver Lake Blvd

Last sold for $1,350,000 on January 11th, 2022

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: 23240364

    $3,200

    Price

  • Feb 9, 2023

    Date

    Active

    CRMLS: 23240364

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Fully furnished one bedroom unit.Looking for a temporary housing that looks looks like vacation? Located in the Heart of Los Angeles and snuggled close to the Hollywood sign & Vine, Walk of Fame, Trails of Griffith Park as well as Franklin & Beachwood Villages with numerous markets and restaurants. This cozy cottage is also close to the famous hospitals in Los Angeles.The neighborhood is walkable with everything you need close by. Walking distance to coffee shops, live theater, restaurants, bars, book stores, and markets. Close to all hiking and equestrian trails in Griffith Park. Minutes from all studios. Only a short drive to neighborhoods as Feliz, Echo park. About 20 mins drive to Santa Monica and all beaches as well as Beverly Hills and West Hollywood.

  • September, 2021

  • Sep 26, 2021

    Date

    Active Under Contract

    CRMLS: 21781234

    $1,295,000

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: 21781234

    $1,295,000

    Price

Show More

Tax History for 1431 Silver Lake Blvd

Assessed Value (2020): $151,836
Year Land Value Improved Value Assessed Value
2020 $89,091 $62,745 $151,836

Home Value Compared to the Market

This property vs the competition

1431 Silver Lake Blvd sold on January 11, 2022 for 1.65% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $488.31 per/sqft which puts the price per square foot 38.27% lower than the current median sale per square foot for the city of Los Angeles.

About 1431 Silver Lake Blvd

Detailed summary of property

1431 Silver Lake Blvd is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,652 living square feet, and sits on an approximately 4,596 square foot lot. 1431 Silver Lake Blvd was first listed on ArdentRealEstateGroup.com on September 8, 2021. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.65% higher than the current median priced home. Local homes that are currently for sale include 2241 Ewing St, 3456 Plata St and 1922 Lake Shore Ave. While the average home in Los Angeles, CA is selling in 100 days, 1431 Silver Lake Blvd has a days on market of 44 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1431 Silver Lake Blvd Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1431 Silver Lake Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
2,267
Lot Size
4,596
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
52
APN
5425-020-002

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$832
Median Sold Price
$1,796,500
Median Sold Price/Sq.Ft.
$802
Total Inventory
69
Median Sale to List Price %
112.99%
Avg Days on Market
18
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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