1411 MohawkLos Angeles, CA 90026

Description

Truly an incredible Silver Lake asset in one of the most coveted pockets of the city. This property is the perfect addition for an investor, owner-user (house hacker), or value-add investor, with the ability to add 2–6 ADUs. This asset checks so many boxes. The front Craftsman duplex offers exceptional character and charm. The upstairs residence features 3 bedrooms and 2 bathrooms with high-end renovations, while the downstairs unit also features 3 bedrooms and 2 bathrooms and is available for an immediate owner-occupier. The rear four units are all 2-bedroom, 1-bathroom units and benefit from newer construction built in 1985, providing the updated systems and construction quality many investors are looking for. Four of the six units have experienced turnover and have been completely gut-remodeled. The remaining two units provide an opportunity for tremendous upside. There is approximately 45% upside in the current rents alone, excluding any ADU potential. The property also features a massive six-wide parking lot, with all spaces oversized and approximately 2+ cars deep in tandem. Some tenants have accommodated as many as three vehicles in the past. This parking configuration provides the potential to build approximately 2–6 ADUs, depending on the investor’s preferred plan. For example, if an investor elected to build four ADUs, the property could potentially achieve approximately 115% upside, more than doubling its value with an estimated $650,000 investment. This would bring the total investment to approximately $2.7 million, with a projected new value of over $4.3 million. Do not miss this opportunity!

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1910

Stories

1

Building area

5,036 Sq Ft

Lot size

0.17 acres

Days on market

0

MLS^® Listing#

SB26218467

Property Features

Pool

None

Laundry

Inside

Community

Curbs · Golf · Park · Suburban

Sewer

Public Sewer

Water source

Public

Parcel number

5424024020

Directions

From Sunset Blvd, head north on Mohawk St. Property is located at 1411 Mohawk St.