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4014 Effie Street

4014 Effie Street, Los Angeles, CA, USA

For Sale

$1,675,000

Property Description

Marcus & Millichap is pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd.

Silver Lake is an Eastside neighborhood that fully embraces the hipster lifestyle. Although often described as the Brooklyn of Los Angeles, Silver Lake is much more than just a hipster haven. The popular central L.A. neighborhood has gone from urban grit to sophisticated chic over the years and is home to celebrities, creatives, professionals, and an ever increasing number of families. Funky blocks with street art are lined with artisanal coffee shops, vegan cafes and creative Asian eateries, as well as indie music venues, trendy bars and boutiques. These food and entertainment centers earned this area a walk score of 80. The area also includes fine examples of modernist architecture and a namesake reservoir that is ringed by a popular walking trail with a dog park and a grassy meadow. Silver Lake is diverse, eclectic, and above all, authentic. It offers some of the best of L.A. living, in close proximity to Hollywood and Downtown Los Angeles and incredible hilltop views, independent boutique shopping, and an increasingly popular dining scene. Residents also enjoy the easy access to sought-after outdoor spaces such as Silver Lake Meadows, Silver Lake Dog Park, Barnsdall Art Park, Bellevue Park Basketball Courts, Echo Park, and Elysian Park. The famous Elysian Park is home to Secret Swing Angels Point, Dodger Stadium, Victory Memorial Grove, Radio Hill, and is adjacent to Los Angeles State Historic Park.

Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family dwellings, giving tenants a quiet and private location. All units include a spacious back patio where tenants can enjoy recreation. Along with the patios, this triplex offers three (3) on-site parking spaces along with ample street parking available. Tenants will love living just down the street from the Sunset Junction. This pocket allows immediate access to incredible local amenities including Erewhon, El Cid, Silver Lake Meadows, 4100 Bar, the Black Cat, and Intelligentsia Coffee.

Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a fully turn-key character, bungalow style asset that looks and feels like single-family dwellings.

Contact Agent

Jason Tuvia

818.212.2735

Unit Mix

Two (2) Two-Bedroom / One-Bathroom Units & One (1) Two-Bedroom / Two-Bathroom Unit

Property Type

Multifamily

Submarket

Price

Size

1,985 SF

Total Units

Year Built

1914

Property Location

4014 Effie Street, Los Angeles, CA, USA

Property Description

Marcus & Millichap is pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd.

Silver Lake is an Eastside neighborhood that fully embraces the hipster lifestyle. Although often described as the Brooklyn of Los Angeles, Silver Lake is much more than just a hipster haven. The popular central L.A. neighborhood has gone from urban grit to sophisticated chic over the years and is home to celebrities, creatives, professionals, and an ever increasing number of families. Funky blocks with street art are lined with artisanal coffee shops, vegan cafes and creative Asian eateries, as well as indie music venues, trendy bars and boutiques. These food and entertainment centers earned this area a walk score of 80. The area also includes fine examples of modernist architecture and a namesake reservoir that is ringed by a popular walking trail with a dog park and a grassy meadow. Silver Lake is diverse, eclectic, and above all, authentic. It offers some of the best of L.A. living, in close proximity to Hollywood and Downtown Los Angeles and incredible hilltop views, independent boutique shopping, and an increasingly popular dining scene. Residents also enjoy the easy access to sought-after outdoor spaces such as Silver Lake Meadows, Silver Lake Dog Park, Barnsdall Art Park, Bellevue Park Basketball Courts, Echo Park, and Elysian Park. The famous Elysian Park is home to Secret Swing Angels Point, Dodger Stadium, Victory Memorial Grove, Radio Hill, and is adjacent to Los Angeles State Historic Park.

Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family dwellings, giving tenants a quiet and private location. All units include a spacious back patio where tenants can enjoy recreation. Along with the patios, this triplex offers three (3) on-site parking spaces along with ample street parking available. Tenants will love living just down the street from the Sunset Junction. This pocket allows immediate access to incredible local amenities including Erewhon, El Cid, Silver Lake Meadows, 4100 Bar, the Black Cat, and Intelligentsia Coffee.

Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a fully turn-key character, bungalow style asset that looks and feels like single-family dwellings.

Contact Agent

Jason Tuvia

818.212.2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Two (2) Two-Bedroom / One-Bathroom Units & One (1) Two-Bedroom / Two-Bathroom Unit

Property Details

Property Type

Multifamily

Submarket

Silver Lake

Price

$1,675,000

Price per Unit

$558,333

Price per SF

$843.83

Status

For Sale

Size

1,985 SF

Total Units

3

Year Built

1914

Property Location

4014 Effie Street, Los Angeles, CA, USA

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