1217 Westerly TER, Los Angeles, CA 90026
1217 Westerly TER, Los Angeles, CA 90026
1217 Westerly TER, Los Angeles, CA 90026
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,695,000
Est. payment /mo
7 Beds
5 Baths
4,043 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,043 sqft

Price per Sqft $419

MLS Listing ID 26780349

Bedrooms 7

HOA Y/N No

Year Built 1967

Lot Size 5,083 Sqft

Property Description

We are pleased to present a four (4) unit apartment building located at 1217 Westerly Terrace in Los Angeles, California. The subject property is located in a prime Silver Lake location, just north of Sunset Blvd and east of Silver Lake Blvd. Located in prime Silver Lake just minutes from Sunset Junction, this fourplex features a desirable unit mix of 75% two-bedroom units and offers approximately 25% rental upside. The property is delivered 50% vacant, including a recently remodeled one-bedroom unit with hardwood floors, stainless steel appliances, and modern finishes. Select units offer views of Sunset Blvd and have the convenience of washer and dryer hookups. A rear vacant room and existing garage present strong ADU conversion potential. The property also qualifies for an attractive 30-year residential financing. Positioned in the heart of Silver Lake, this property benefits from a highly sought-after location surrounded by top-tier dining, retail, and lifestyle amenities. With significant vacancies, incredible views, a desirable two bedroom-heavy unit mix, and multiple opportunities for ADU conversions, this offering presents a compelling value-add investment in one of Silver Lake's most sought-after locations.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR2

Interior

Fireplace No

Exterior

Parking Features Driveway

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5426003004

Special Listing Condition Standard

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Listed by Jason Tuvia Marcus & Millichap #01772495

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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