1651 Redcliff Street, Los Angeles, CA 90026

• Listed Price : $5,750,000
• Beds : N/A
  
• Baths : N/A
  
• Property Size : N/A sqft
  
• Year Built : 1956
  

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Property Description

Welcome to 1651 Redcliff Street, an amazing 7-unit property (ADU is under construction) nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprised of 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 (Ready-To-Issue) 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.

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Interior Features

Listing Information

Listing information courtesy of: Archie Robb, Keller Williams Realty La Canada Flintridge. *Based on information from the Association of REALTORS/Multiple Listing as of May 15th, 2024 at 1:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.