Silver Lake Quad
with Vacant Owner’s Unit
4331 Gateway Ave, Los Angeles, CA 90026
Investment Opportunity! This Silver Lake quad is a RARE opportunity for an owner occupier or investor alike!
Incredible Silver Lake location just behind Dinosaur Coffee and two blocks to Sunset junction you will have easy access to so many of the neighborhood’s favorite shops, cafes and eateries including Tartine, Intelligentsia Coffee, The Black Cat, Sweetgreen and the newly opened Erewhon Organic Market - just to name a few. Not to mention you will also be close to all that Virgil Village and Los Feliz have to offer. Easy access to the arts & culture of The Greek Theatre, Dodger Stadium, Silver Lake Meadow, Griffith Park and much, much more!
This spacious two-story owner’s unit will be delivered vacant July 1, 2022. The four bedroom town house is located at the front of the quadruplex and is a very rare find in the neighborhood! The first floor features a dining room, laundry room, half bathroom, remodeled pass through kitchen and a large, elongated living room with so many options for multiple seating areas and direct access to the fenced in yard and private deck patio! Wood style planked floors and recessed lighting extend throughout the home, while a seemingly endless number of large windows adorn nearly every wall and bring in beautiful natural light.
All four large bedrooms are located on the top floor and feature ample space for any size bed you desire and tons of closet space - some rooms even have TWO closets or built-in cabinet storage. One master bedroom has an on-suite bathroom with a tiled shower and a glass door enclosure while the second full bathroom is located off the hallway, just across from the built-in linen cabinetry, for the other bedrooms to share.
In addition to remodeled kitchen and bathrooms, the home is equipped with central heat and air conditioning and includes two off-street, assigned parking spaces. This owner’s unit truly feels like a single family home with all of the amenities you want and need while providing the additional income of three apartments in the rear.
Low Expenses!! Owner pays for property taxes, insurance, water, sewer, common area electric and gas for one of the unit’s hot water. Tenants pay their own electric, gas and trash directly to the utility providers. No gardening service expenses.
Scroll down for more photos and individual unit details!
Structural Details
Income Property: Quad
4,654 SF Total Living Space
5,009 SF Lot
Stories: 2
Buildings: 1
Year Built: 1969
Total Bedrooms: 9
Total Bathrooms: 6
Land / Parking Details
Zoning: LAR2
Rent Control: Yes
Parking Type: Garage(s), Carport, Driveway
Total Parking Spaces: 7
Contact Details
List Date: 04-27-2022
Listing Price: $2,500,000
Type: Off Market Pocket Listing
CSO: 2%
Listing Type: Exclusive Right
Disclosure: As is
Income Details
Gross Income: $138,133.34/year
Gross Rent Multiplier: 18.1
Total Expenses: $39,449.85
NOI: $98,683.49
Cap Rate: 3.95
Showing Details
Tenant Occupied. Access upon an accepted offer.
Owner’s Unit - Apt 1
4331 Gateway Ave #1
Bedrooms: 4
Bathrooms: 2.5
Square Footage: Approx 2104 SF
Heating & Cooling: Central
Appliances: Refrigerator, Stove, Dishwasher, Washer, Dryer
Parking: Two Car Attached Garage
Outdoor Space: Private Deck / Patio
Occupancy: Occupied and will be delivered vacant
Current Rent: $4800/mo
Projected Rent: $4800-$5000/mo
4331 Gateway Ave #2
Bedrooms: 2
Bathrooms: 1
Square Footage: Approx 900 SF
Heating & Cooling: Wall Heater & One (1) Wall AC
Appliances: Refrigerator, Stove, Microwave, Dishwasher, Washer, Dryer
Parking: Two Car Attached Garage
Outdoor Space: Shared Patio
Occupancy: Occupied
Current Rent: $2800/mo
Projected Rent: $2800-$3000/mo
4331 Gateway Ave #3
Bedrooms: 2
Bathrooms: 1
Square Footage: Approx 900 SF
Heating & Cooling: Wall Heater & One (1) Wall AC
Appliances: Refrigerator, Stove, Microwave, Dishwasher, Washer, Dryer
Parking: 1 Parking Space in Shared Garage
Outdoor Space: Shared Patio
Occupancy: Occupied
Current Rent: $2600/mo
Projected Rent: $2800-$3000/mo
Note: Photos above are of Apt 3
4331 Gateway Ave #4
Bedrooms: 1
Bathrooms: 1
Square Footage: Approx 750 SF
Heating & Cooling: Wall Heater & One (1) Wall AC
Appliances: Refrigerator, Stove
Parking: 1 Parking Space in Shared Garage
Outdoor Space: Shared Patio
Occupancy: Occupied
Current Rent: $1850/mo
Projected Rent: $2000-$2200/mo
Note: No photos. Some inspection images will be included in disclosures.