1651 Redcliff St, Los Angeles, CA 90026
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1651 Redcliff St Los Angeles, CA 90026

$5,150,000
  • 22 Beds
  • 18 Baths
  • 10,138 Sq.Ft.
For Sale
$5,150,000 Get Pre-Qualified

Map preview of 1651 Redcliff St, Los Angeles, CA 90026

Property Overview: 1651 Redcliff St Los Angeles, CA has 22 bedrooms, 18 bathrooms, 10,138 living square feet and 16,736 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1651 Redcliff Street, an amazing 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprising a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units, and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed, commanding top-of-the-market rents. There are RTI plans for a storage room to be converted into a spacious (+/-) 731 square foot Accessory Dwelling Unit (ADU). Featuring sunlit interiors with hardwood floors and carefully crafted architectural details, these units provide a warm and welcoming ambiance. Each unit boasts spacious bedrooms, updated kitchens with stainless steel appliances, stylish bathrooms, central AC, in-unit laundry, and private outdoor spaces in some units. Situated on a 16,736 square foot lot, aside from the newly constructed duplex, all units have undergone gut-level renovations, ensuring a modern living experience while preserving their timeless charm. Additionally, all units are separately metered for gas and electric, with parking available for 10+ vehicles. The property's prime location in Silver Lake offers proximity to cafes, entertainment venues, and lifestyle amenities such as Intelligentsia, Erewhon, Edendale, Forage, Michelangelo Ristorante, Ivanhoe Restaurant, Burgers Never Say Die, Whole Foods, and Trader Joe's. With DTLA, Los Feliz, and Hollywood just a short drive away, residents have access to countless dining and shopping options. Positioned in the thriving Silver Lake-Hollywood submarket, 1651 Redcliff presents an ideal investment opportunity for apartment operators seeking immediate returns and long-term wealth preservation through stable rental income and potential property appreciation. Its outstanding location, robust income metrics, and potential for future rental income growth make it an attractive asset. Buyer's responsibility includes verifying all zoning regulations and building feasibility with the Los Angeles Department of Building and Safety (LADBS) and other relevant city departments. To obtain further details or to arrange a showing, please contact the listing agent.

Listed by Archie Robb | BRE #02002291 | Keller Williams Realty La Canada Flintridge
Last checked: 5 minutes ago | Last updated: June 21st, 2024 | Source CRMLS | DOM: 99
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Home details

Lot Sq. Ft
16,736
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24378071
City
Los Angeles
County
Los Angeles
Time on Site
100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $6,500
  • Total Rent: $6,500
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $12,600
  • Pro Forma/Market Rent: $12,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 6
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $8,150
  • Total Rent: $16,300
  • Pro Forma/Market Rent: $16,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.01%
  • Gross Rent Multiplier: 12.12
  • Gross Scheduled Income: --
  • Net Operating Income: $309,706
  • Gross Operating Income: $412,056
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1651 Redcliff St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5425001049
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps, cross streets are Effie and Redcliff.
View more facts & features

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Sale History for 1651 Redcliff St

Last leased for $5,750 on February 6th, 2018
  • May, 2024

  • May 7, 2024

    Date

    Canceled

    CRMLS: 24361721

    $8,000

    Price

  • Feb 23, 2024

    Date

    Active

    CRMLS: 24361721

    $8,000

    Price

  • Listing provided courtesy of CRMLS

    A beautiful and brand new 6 bedroom/ 4.5 bath with a bonus loft and rooftop deck with the most incredible views in prime Silver Lake is now available. This spacious 2,900 square foot townhome has been designed with every attention to detail and features beautiful hardwood flooring throughout, white composite granite countertops, ample cabinet storage, stainless steel appliances, central AC/Heat, parking and in-unit laundry! Additional features include energy efficient recessed lighting, energy efficient windows, plentiful space in the kitchen and large closets in the bedrooms. The location is minutes away from Sunset where you can enjoy the best restaurants, cafes and bars Silver lake has to offer! The unit comes with two parking spots. Pets considered on a case-by-case basis.

  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: 24378071

    $5,995,000

    Price

  • February, 2018

  • Feb 9, 2018

    Date

    Leased

    CRMLS: 17297178

    $5,750

    Price

  • Jan 16, 2018

    Date

    Price Change

    CRMLS: 17297178

    $5,750

    Price

  • Dec 18, 2017

    Date

    Active

    CRMLS: 17297178

    $6,000

    Price

  • Listing provided courtesy of CRMLS

    A stunning 4 bed/3 bath single family home in the heart of Silver Lake is now available! This very spacious home is 2,020 square feet and has been completely remodeled from the ground up. The home has brand new stainless steel appliances, washer and dryer, recessed lighting, central AC/heat and hardwood floors throughout. There is a covered patio in the backyard for outdoor dining. There is an apartment building behind the home that will be undergoing construction over the next few months. Owner willing to give 10% discount in rental price for as long as construction takes. It's just a few blocks from Sunset Junction where you'll find the best restaurants, shops and bars Silver Lake has to offer. Three Parking Spots

  • December, 2017

  • Dec 16, 2017

    Date

    Expired

    CRMLS: 17290060

    $6,000

    Price

  • Nov 22, 2017

    Date

    Active

    CRMLS: 17290060

    $6,000

    Price

  • Listing provided courtesy of CRMLS

    A stunning 4 bed/3 bath single family home in the heart of Silver Lake is now available! This very spacious home is 2,020 square feet and has been completely remodeled from the ground up. The home has brand new stainless steel appliances, washer and dryer, recessed lighting, central AC/heat and hardwood floors throughout. There is a covered patio in the backyard for outdoor dining. There is an apartment building behind the home that will be undergoing construction over the next few months. Owner willing to give 10% discount in rental price for as long as construction takes. It's just a few blocks from Sunset Junction where you'll find the best restaurants, shops and bars Silver Lake has to offer. Two Parking Spots included. Come and see it today!

  • June, 1998

  • Jun 26, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1651 Redcliff St

Assessed Value (2020): $2,228,536
Year Land Value Improved Value Assessed Value
2020 $1,644,872 $583,664 $2,228,536

Home Value Compared to the Market

This property vs the competition

1651 Redcliff St is listed 329.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $507.99 per/sqft which puts the price per square foot 34.28% lower than the median price per square foot for the city of Los Angeles.

About 1651 Redcliff St

Detailed summary of property

1651 Redcliff St is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 22 bedrooms, 18 bathrooms, roughly 10,138 living square feet, and sits on an approximately 16,736 square foot lot. 1651 Redcliff St was first listed on ArdentRealEstateGroup.com on April 9, 2024. The homeowner is currently asking $5,150,000 and was originally asking $5,995,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 329.17% higher than the median priced home. Local competing homes currently for sale include 5200 Hollywood Blvd, 1035 N Serrano Ave and 520 S Kenmore Ave. While the average home in Los Angeles, CA is selling in 101 days, 1651 Redcliff St has a days on market of 99 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 1651 Redcliff St 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 1651 Redcliff St

Public county record property details
Beds
9
Baths
9
Year built
--
Sq. Ft.
4,758
Lot Size
--
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,142
APN
5425-001-049

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.
$884
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%)

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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.