Silverlake Towers | 3408 W Sunset Blvd
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Silverlake Towers 3408 W Sunset Blvd
52 Unit Apartment Building $12,000,000 ($230,769/Unit) Los Angeles, CA 90026
Investment Highlights
- Great Unit Mix Consisting of (36) Studios & (16) One-Bedroom Units!
- Property was Re-Piped in 2009!
- Property Offers Elevator Service, On-Site Laundry Facilities & Community Vending Machines For Tenants!
- Brand New Roof Installed in 2020!
- Professionally Managed Property!
- Secured Entry For Tenants!
Executive Summary
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 3408 W. Sunset Avenue or More Commonly Known as Silver Lake Towers, a 52-Unit multifamily apartment building located in the 90026 zip code of Los Angeles.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $12,000,000 | Building Class | C |
| Price Per Unit | $230,769 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 32,194 SF |
| No. Units | 52 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1929/1965 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $12,000,000 |
| Price Per Unit | $230,769 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 32,194 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1929/1965 |
| Parking Ratio | 1.12/1,000 SF |
Unit Amenities
- Storage Space
- Ceiling Fans
- Tile Floors
- Vaulted Ceiling
- Refrigerator
- Range
- Views
Site Amenities
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Pet Play Area
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 36 | - | 352 - 675 |
| 1+1 | 16 | - | 741 |
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Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5427-026-009 | Total Assessment | $16,230,240 (2024) |
| Land Assessment | $9,363,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $6,866,640 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5427-026-009
Land Assessment
$9,363,600 (2024)
Improvements Assessment
$6,866,640 (2024)
Total Assessment
$16,230,240 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C2 (Commercial General) |
| C2 (Commercial General) |
-
Tony Azzi -
Arteen Zahiri -
Marcus & Millichap
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Silverlake Towers | 3408 W Sunset Blvd
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