2330 Teviot St, Silver Lake
Two Houses on a Lot in Prime Silver Lake
Stunning hillside Silver Lake Duplex (2 immaculate freestanding SFR'S on a 10,000 SQFT Lot) with a 5.45% cap rate and outstanding tenants! The rear unit was luxuriously renovated in 2023 and recently rented for $6,495/mo (with 2 years paid upfront) and the equally as impressive front home is currently rented at $4,200/mo. 2330 Teviot St presents a rare chance to capitalize on the vibrant Silver Lake market.
The Important
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$1,832,000
Duplex
Sold
2
1923
5.45% (Current), 5.56% (Pro Forma)
14.77 (Current), 14.36 (Pro Forma)
$128,340
2,900 sqft
10,000 sqft
$653.45
$947,500
1 x 3b/2b, 1 x 2b/2b
No
2 Garage Spots, 4 Exterior Spots
Massive Decks, Silver Lake Reservoir Views, Brand New Renovation
The Highlights
An unheard of REAL current cap rate of 5.45%, plus upside.
Both units leased at market rents with the recently renovated larger SFR bringing in $6,495/mo (with 2 years paid upfront) and the front SFR rented at $4,200/mo.
Two gorgeous, beautifully maintained FREESTANDING single family homes on a massive lot (10,000 square feet) in prime Silver Lake!
EXTREMELY RARE FIND in the highly coveted A++ SILVER LAKE LOCATION!
Enjoy your morning coffee on a massive deck while taking in breathtaking views of the Silver Lake Reservoir.
Situated in a premium location, just minutes away from Whole Foods, Trader Joe's, and an array of trendy restaurants and shops.
Abundant parking (a rarity in Silver Lake) with a lot secured behind a motorized security gate.
Located in the renowned Ivanhoe School District, known for its top-rated elementary schools in LA!
Current tenants are highly reliable and have maintained timely payments.
The units boast spacious, open floorplans, ample natural lighting from plentiful windows, and expansive decks with sweeping canyon views!
Conveniently located with quick access to Downtown LA, perfect for professionals seeking an effortless commute to work!
The Neighborhood
<15-Minute Walk
The Red Lion Tavern, Burgers Never Say Die, Silver Lake Meadows, Whole Foods Market, Astro Family Restaurant, Zebulon, Salazar, Rick's Drive In & Out, Ivanhoe Restaurant & Bar, Bub and Grandma's Wholesale
<15-Minute Drive
Frogtown Brewery, La Colombe Frogtown Cafe and Roastery, Spoke, Just What I Kneaded, Lingua Franca, Marsh Skate Park, Loreto, Happier Cafe, Morning Service Coffee,Broome St. General Store, Hype Fitness
<$15 Uber Ride
Frogtown Brewery, La Colombe Frogtown Cafe and Roastery, Spoke, Just What I Kneaded, Lingua Franca, Marsh Skate Park, Loreto, Happier Cafe, Morning Service Coffee,Broome St. General Store, Hype Fitness
Contact
Lauren Cearley
213.302.8662
Property Presented By:
