1421 Waterloo Street

Los Angeles, CA 90026

$1,495,000
Price
8
Beds
5
Baths
3,457 Sq. Ft.
$432 / Sq. Ft.
3,457
Sq. Ft.
$432
per Sq. Ft.

Description

See OM in Docs Section of this listing. Gross Income presented assumes a 4% annual rent increase for Unit 3 as of March 1st, 2025. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 1421 Waterloo St. a, four (4) unit residential property built in 1929 and 1965. The property is located two blocks north of Sunset Blvd, in the heart of the upscale Silver Lake neighborhood of Los Angeles. 1421 Waterloo St is a four-unit residential property...See OM in Docs Section of this listing. Gross Income presented assumes a 4% annual rent increase for Unit 3 as of March 1st, 2025. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 1421 Waterloo St. a, four (4) unit residential property built in 1929 and 1965. The property is located two blocks north of Sunset Blvd, in the heart of the upscale Silver Lake neighborhood of Los Angeles. 1421 Waterloo St is a four-unit residential property consisting of one stand-alone 3-bed+1.5-bath house built in 1929 and three additional units situated in a triplex constructed in 1965. The triplex is comprised of two (2) 2bed+1bath units and one (1) 1bed+1 bath unit. UNIT DETAILS: 3bed+1.5bath House: The approximately 1,350-square-foot(Buyer to verify),single -story home is freestanding at the front of the lot. It features an open entry room that leads to a spacious living area through a charming arched doorway. The large living room features smooth ceilings and elegant crown molding throughout. The large kitchen is well-equipped, offering an updated dishwasher, laminate floors, and a convenient side exit to the driveway. The first bedroom, located off the kitchen, is versatile and perfectas a home office or guest room. The second bedroom, positioned at the back right of the house, provides privacy and features a half bath ensuite and a walk-in closet. The third bedroom is generously sized, complete with a walk-in closet, making it an excellent primary bedroom option. A full bathroom is conveniently located in the hallway, and additional hallway storage ensures ample space for organization. The property also boasts newer windows and a wall heater for efficient warmth during cooler months. Triplex: All units in the triplex offer a bright and airy living experience, enhanced by newer windows that fill the space with natural light. The unit features updated flooring throughout, including stylish tile in the kitchen, which seamlessly opens to a spacious and modern living area. Tenants will appreciate the large bedrooms, each outfitted with mirrored closets that combine functionality and sophistication. Additional hallway storage provides practicality, while a wall heater ensures comfort year round. Situated above the parking lot, this one-bedroom unit offers unobstructed views of the hills, adding to its unique charm. All units are separately metered for electricity and gas, the tenants pay for their own trash and the landlord pays for water. Parking is provided on site with six (6) spaces. The property has major potential to add Accessory Dwelling Units. A tall ceiling height carport at the lower level of the triplex provides a prime opportunity to add an accessory dwelling unit. In2009, ownership went through plan check and was issued a permit to create an additional unit in this space but never moved forward with construction. A storage area at the rear of the house has direct access through an outside door and windows already in place, providing an excellent opportunity to create an accessory dwelling unit.
  1. Listed by Josh Kaplan • DRE #01934177 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Troy Lucero Jr. • DRE #02015705 • Brokerage DRE #01342342 • Equity Union

Property Details for 1421 Waterloo Street

Zoning
LAR3
Parcel Number
5424022007
Total Units
4.0
Living Area
3457
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0%
Lot Size Area
7601
LISTING UPDATED: 02/05/2025 12:01 AM

Property Details for 1421 Waterloo Street

StatusActive
MLS #25-490509
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.17 AC / 7,601 SF
CountyLos Angeles County

Building Information for 1421 Waterloo Street

Stories2Residences-Year Built1929Building Size-Lot Size0.17 AC / 7,601 SF

Property Information for 1421 Waterloo Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,735
  • Net Operating Income: $75,199.00
  • Gross Income: $107,459
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: $13.80
  • Total Annual Expense: 29537
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1745
  • Lot Size Square Feet: 7601
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-28-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $876.00
  • Unit Actual Rent: $876.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,417.00
  • Unit Actual Rent: $4,834.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,245.00
  • Unit Actual Rent: $3,245.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $593,028.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,383,732.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,976,760.00

Property History for 1421 Waterloo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1421 Waterloo Street

Taxable ValueLand$1,383,732Additions$593,028Total$1,976,760
Tax Record2024$24,239 ($2,020 / month)
Home Facts
Total Finished SqFt3,457 SqFtAbove Grade Finished SqFt3,457 SqFtLot Size7,598 SqFtStyleQuadraplexYear Built1929ZoningLAR3CountyLOS ANGELESAPN5424-022-007

Schools near 1421 Waterloo Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Mayberry Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1421 Waterloo Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on January 28, 2025 by Equity Union, it's currently listed at $1,495,000. It has been on the market for a total of 16 days and was last sold on October 27, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Mayberry Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1421 Waterloo Street is a 8-bed, 5-bath, 3,457 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Josh Kaplan, DRE #01934177; Equity Union, Troy Lucero Jr., DRE #02015705

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.