631 Parkman Ave$1,595,000For Sale

Located in the heart of Silverlake, this fourplex (a front house with a separate rear triplex) is an ideal choice for either owner-occupants or savvy investors looking for long-term income potential. The charming Craftsman front house (delivered vacant at close of escrow), with 2 bedrooms and 1 bathroom, is a perfect canvas for your design ideas. Two units in the rear triplex are upstairs; each have 2 bedrooms and one bath. One is rented for $1900/month and the other is rented for $2350/month. The third unit is on the ground level with 1 bedroom and 1 bath renting for $1098. All of the back units are occupied month-to-month, offering a steady stream of income from day one. This property's location is unbeatable. No car needed to get to the Silverlake Reservoir and Echo Park Lake, allowing you to embrace Los Angeles' most beautiful and popular parks. You're also within easy reach of the best restaurants, bars, coffee shops, entertainment venues: Erewhon, Bar Stella, Silverlake Ramen, Sweetgreen, Pine & Crane, Alfred Coffee, and Mohawk General. The potential for future income generation is immense, and the property's prime location and large lot ensures long-term desirability. Whether you're looking to create your dream home or add to your investment portfolio, this Silver Lake property has it all.