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$2,795,000

Beds
11
sq ft
4,073

639 Robinson St, Los Angeles, CA 90026

639 Robinson St

Los Angeles, CA 90026

  • 145 days on market
    • Price drop $30,000↓
Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building. Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1,650,000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property caters to a diverse range of tenants. The meticulously restored units showcase modern upgrades and stylish finishes, ensuring tenant satisfaction and maximizing rental potential. Convenient amenities include two garages, four on-grade parking spaces, and separate metering for electricity and gas in each unit. The front building, constructed in 1960, houses four of the 2-bedroom units, while the rear duplex offers a spacious 2-bedroom unit over a double car garage and a 1-bedroom unit. Currently under professional management, this property offers a seamless investment opportunity with the option for personal management. Don't miss out on this rare chance to own a premium income-generating property in one of Silver Lake's most sought-after neighborhoods. Take advantage of the assumable loan and secure your place in this thriving real estate market today!

Details

Property type

Est. home value

$3,157,076

Lot size

6,618 sq ft

Price per sq ft

$687

Year built

1931

HOA

No

Price History

12/05/2024
CLAW

CLAW #24420339

Price change
$2,795,000
-1.06%
07/29/2024
CLAW

CLAW #24420339

Listed
$2,825,000
-0.88%
07/23/2024
CLAW

CLAW #24364671

Removed
$2,850,000

Schools & Community

Neighborhood: 

Silver Lake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mechanics Bank

Loan start date

September 2021

Original loan amount

$1,750,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Commercial

Seller

Syy Group Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:05 AM

Listing updated: 12/04/2024 at 6:35 PM

Listed by: Peter V Buonocore, Keller Williams Larchmont Phone #: (323) 762-2600

MLS: CLAW #24420339

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