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

$4,200,000
  • -- Beds
  • -- Baths
  • 3,698 Sq.Ft.
For Sale
$4,200,000 Get Pre-Qualified
Map preview of 451 Silver Lake Blvd, Los Angeles, CA 90026

Property Overview: 451 Silver Lake Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 3,698 living square feet and 16,668 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: Nestled in the vibrant heart of Echo Park, this unique property offers a blend of commercial and classic Los Angeles charm. Currently configured as a restaurant with a long-term lease with an established company, this 3,698 sq. ft. building sits on a 6,355 sq. ft. lot, presenting a rare opportunity for both investors and entrepreneurs. Prime Location: Situated just off the freeway, the property is centrally located between the bustling Downtown LA and the iconic Hollywood commercial corridors. Additional land. An adjacent parcel across the street on Robinson Street offers an extra 10,328 sq. ft. of land, perfect for expansion or additional development. The property currently holds a liquor license. Owner willing to carry based on offer. Owner willing to carry based on offer.

Listed by Yaxkin Velasquez | BRE #01426614 | Reaz Realty
Co-listed by Mona Bottros | BRE #01472751 | Reaz Realty
Last checked: 12 minutes ago | Last updated: September 1st, 2024 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
16,668
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Specialty
Status
Active
MLS#
PW24121607
City
Los Angeles
County
Los Angeles
Time on Site
92 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $233,035
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $53,965

Open Houses for 451 Silver Lake Blvd

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Property Details for 451 Silver Lake Blvd

Interior Features
Heating Information
  • Has Heating
  • Baseboard, Electric
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5401012001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: from the 101 Fwy Take exit 5B for Silver Lake Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 451 Silver Lake Blvd

Last sold for $390,000 on July 3rd, 2002

  • June, 2024

  • Jun 18, 2024

    Date

    Active

    CRMLS: PW24121607

    $4,500,000

    Price

  • July, 2002

  • Jul 3, 2002

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

Show More

Tax History for 451 Silver Lake Blvd

Assessed Value (2020): $505,453
Year Land Value Improved Value Assessed Value
2020 $238,370 $267,083 $505,453

Home Value Compared to the Market

This property vs the competition

451 Silver Lake Blvd is listed 250% 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 $768 and this home is listed at $1135.75 per/sqft which puts the price per square foot 47.88% higher than the median price per square foot for the city of Los Angeles.

About 451 Silver Lake Blvd

Detailed summary of property

451 Silver Lake Blvd is a specialty located in Los Angeles, CA 90026 and is currently for sale. This specialty property offers -- bedrooms, -- bathrooms, roughly 3,698 living square feet, and sits on an approximately 16,668 square foot lot. 451 Silver Lake Blvd was first listed on ArdentRealEstateGroup.com on June 18, 2024. The homeowner is currently asking $4,200,000 and was originally asking $4,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 250% higher than the median priced home. Local competing homes currently for sale include 7809 Melrose Ave, 4279 Crenshaw Blvd and 5906 S Figueroa St. While the average home in Los Angeles, CA is selling in 106 days, 451 Silver Lake Blvd has a days on market of 92 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 451 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 451 Silver Lake Blvd

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
3,698
Lot Size
6,354
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
Los Angeles
Lot#
36,38
APN
5401-012-001

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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(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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