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3121 Silver Lake Blvd, Los Angeles, CA 90039
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3121 Silver Lake Blvd Los Angeles, CA 90039

$1,999,000
  • 4 Beds
  • 4 Baths
  • 2,007 Sq.Ft.
For Sale
$1,999,000 Get Pre-Qualified
Map preview of 3121 Silver Lake Blvd, Los Angeles, CA 90039

Property Overview: 3121 Silver Lake Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,007 living square feet and 4,850 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: Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. One unit is can be used for an owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be able to build another ADU on the property. Current gross income is approximately $9,400 a month. That will bring you to a total of $11,600/mo once just the garage ADU is completed. It is in a great Atwater location and is a very nice property with plenty of neighborhood parking conveniently located within a couple blocks of Atwater Village Farmer's Market!

Listed by TRAVIS ELY | BRE #01895065 | TRAVIS ELY
Last checked: 5 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
4,850
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
WS24092853
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,054
  • Total Rent: $2,054
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $112,788
  • Net Operating Income: $86,788
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,000
  • New Taxes: $20,000
  • Trash: $1,000
  • Insurance: $2,000
  • Water/Sewer: $3,000

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Property Details for 3121 Silver Lake Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Inside, Stackable
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5437004042
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Los Feliz Blvd
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 3121 Silver Lake Blvd

Last sold for $699,000 on August 5th, 2016

  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: WS24092853

    $1,999,000

    Price

  • July, 2020

  • Jul 17, 2020

    Date

    Expired

    CRMLS: 20571406

    $1,249,000

    Price

  • Jul 16, 2020

    Date

    Withdrawn

    CRMLS: 20571406

    $1,249,000

    Price

  • Apr 16, 2020

    Date

    Active

    CRMLS: 20571406

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    You knew it would only be a matter of time before you started seeing great deals in the wake of the Corona Virus. Well, here it is! This is a great multi-family with four 1/1s, two of which are renovated and occupied with close to market rents. The other two are vacant and waiting for you to renovate. Once done they will each fetch $2200/mo. Additionally you can create an ADU with two of the garages and have one more 1/1 that gets $2200/mo. That will bring you to a total of $10,400/mo once the renos and the ADU is done. Then you should be cash flowing approx $3800/mo (!) It is in a great Atwater location and is a very nice property with plenty of parking. Also, each unit has its own small outdoor space. It is waiting for you!

  • August, 2016

  • Aug 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $699,000

    Price

  • August, 2016

  • Aug 5, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3121 Silver Lake Blvd

Assessed Value (2020): $742,562
Year Land Value Improved Value Assessed Value
2020 $509,379 $233,183 $742,562

Home Value Compared to the Market

This property vs the competition

3121 Silver Lake Blvd is listed 59.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $996.01 per/sqft which puts the price per square foot 28.19% higher than the median price per square foot for the city of Los Angeles.

About 3121 Silver Lake Blvd

Detailed summary of property

3121 Silver Lake Blvd is a fourplex located in Los Angeles, CA 90039 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,007 living square feet, and sits on an approximately 4,850 square foot lot. 3121 Silver Lake Blvd was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $1,999,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.92% higher than the median priced home. Local competing homes currently for sale include 2226 Branden St, 1889 Lemoyne St and 1627 Mccollum St. While the average home in Los Angeles, CA is selling in 92 days, 3121 Silver Lake Blvd has a days on market of 10 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3121 Silver Lake Blvd Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3121 Silver Lake Blvd

Public county record property details
Beds
4
Baths
4
Year built
1929
Sq. Ft.
2,007
Lot Size
4,849
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
89
APN
5437-004-042

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,695,000
Median List Price/Sq.Ft.
$910
Median Sold Price
$1,505,000
Median Sold Price/Sq.Ft.
$1,136
Total Inventory
50
Median Sale to List Price %
113.58%
Avg Days on Market
20
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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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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