3121 Silver Lake Boulevard

Description

Don't miss this four unit Atwater multi-family gem located at 3121 Silver Lake Blvd. This property consist of four fully remodeled 1 bed, 1 bath units. One unit is can be used for an owner to live in. All 4 have been remodeled and rent very quickly. Additionally, per a builder, you can create 2 ADU's! You may make two additional studios with the 4 garages or make one big unit. Conservatively, if you make one unit with the garages, you could get you another approximate $2,200 and you would still be able to build another ADU on the property. Current gross income is approximately $9,400 a month with upside for rental increases. That will bring you to a total of $11,600/mo once just the garage ADU is completed and $14,000 if you build both ADU's. It is in a great Atwater location and is a very nice property with plenty of neighborhood parking conveniently located within a couple blocks of Atwater Village Farmer's Market!

Listing information courtesy of: TRAVIS ELY, TRAVIS ELY . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.