We are pleased to present the opportunity to acquire "637-643-647 North Maltman Avenue", an 18 unit, 3 building, investment opportunity located in Silver Lake (90026). The current ownership has created a proven concept that is supported by strong/sustainable current rents for 12 of the 18 units and allowing rental upside for the remaining. Furthermore, the astute investor could potentially undergo an exterior and common area improvement program that could further push rental values for the asset. An excellent unit composition includes One Bedroom, Jr. One Bedrooms and Single Family Homes. Situated on 3 contiguous R3 Zoned parcels of land totaling +/-22,499 SF, with +/- 150 feet of frontage on Maltman Avenue, which could allow for a future luxury development opportunity. Centrally located in Silver Lake, 637-643-647 North Maltman Avenue is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake sub-market. Contact agents for full marketing package.
Listing provided courtesy of
, Keller Williams Studio City
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The height of laidback cool, Silver Lake is beloved by hipsters and creative types seeking an urban lifestyle. Silver Lake is dominated by the Silver Lake and Ivanhoe Reservoirs, which give the area its name and are surrounded by a recreation area.
Real Estate: Long on style, Silver Lake real estate embraces styles from Spanish Revival homes built in the 1920s and 1930s to the mid-century Modern homes by some of the great architects of the era including Richard Neutra and John Lautner. Apartments and condos are available in the Sunset Junction area and single-family homes up in the hills often have reservoir and city views.
Community Life: Silver Lake offers all the charms of hip urban life. The cafes and shops of Sunset Junction are always a popular destination for folks all around the city. The Silver Lake reservoir’s two-mile loop is popular with walkers and runners alike. With both LAMill and Intelligentsia in the area among others, great coffee abounds.
Education: Silver Lake is served by the Los Angeles Unified School District and schools in the area include Ivanhoe Elementary, Allesandro Elementary, and Micheltorena Elementary. Private schools include ASA Silver Lake School, St. Francis of Assisi Elementary and St. Teresa of Avila Elementary.
Transportation: Easily accessed by the 101 freeway and the 5 freeway, Silver Lake is conveniently located for easy commuting.
Local Attractions: Silver Lake was the home of much of the early film industry. Walt Disney’s first large studio was in the area. The neighborhoods are also famous for many pedestrian stairs including the Music Box stairs which played a role in an early Laurel and Hardy movie.
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