2208 Reservoir Street
Description
We are pleased to present this Green Certified new construction Five-unit luxury townhome complex. Nearing completion and certificate of occupancy in the process of approval. Currently the property can be delivered as a four-unit property for a reduced price. Otherwise, Conversion of space to fifth unit to be completed by close of escrow. The property is located a short distance to Sunset Junction in Silver...NEW CONSTRUCTION FIVE UNIT LUXURY TOWNHOME COMPLEX LOCATED IN SILVERLAKE STEPS FROM SUNSET BLVD
We are pleased to present this Green Certified new construction Five-unit luxury townhome complex. Nearing completion and certificate of occupancy in the process of approval. Currently the property can be delivered as a four-unit property for a reduced price. Otherwise, Conversion of space to fifth unit to be completed by close of escrow. The property is located a short distance to Sunset Junction in Silver Lake. Surrounded by popular dining destinations, coffee shops, bars and boutique shopping. Conveniently located to Netflix, Spotify, Legal zoom, Honey, Warner Music and many more tech and entertainment companies pouring into the neighborhood. Silver Lake is one of the hottest rental markets in the country, which is adjacent to Echo Park and Hollywood, has enjoyed much demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, hip community and supporting services providing high-paying and stable jobs. This luxury complex is comprised of three structures, totaling five new construction townhomes, each with private laundry rooms and garage parking spaces. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an ownerís common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property features drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
- Listed by Martin Fish • DRE #01988997 • Brokerage DRE #01875823 • Citivest Realty Services, Inc • 310-905-4834
Property Details for 2208 Reservoir Street
Property Details for 2208 Reservoir Street
| Status | Active |
|---|---|
| MLS # | PW24236908 |
| Days on Market | 10 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 2024 |
| Lot Size | 0.17 AC / 7,496 SF |
| County | Los Angeles County |
Building Information for 2208 Reservoir Street
Property Information for 2208 Reservoir Street
- Gross Scheduled Income: $299,400
- Vacancy Allowance: 8982
- Net Operating Income: $220,728
- Cap Rate: 5.26
- Operating Expense: $69,689
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: Dryer Included, Inside, Washer Included
- Laundry Equipment Own Lease: Own
- Cooling: Central Air, ENERGY STAR Qualified Equipment
- Heating: Central, ENERGY STAR Qualified Equipment
- Security Features: Automatic Gate, Fire and Smoke Detection System, Smoke Detector(s)
- Construction Materials: Stucco
- Fence: Yes
- Fencing: Wood, Wrought Iron
- Sign on Property: No
- Lot Features: Front Yard, Landscaped, Yard
- Land Use: Multi-Family
- Lease Considered: No
- Land Lease: No
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Electric: Standard
- Water Source: Public
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 3
- Unit Type Actual Rent: $5,000
- Unit Type Area: 1504
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Actual Rent: $6,000
- Unit Type Area: 1832
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 5
- Unit Type Baths Total: 5
- Unit Type Actual Rent: $6,750
- Unit Type Area: 2310
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $4,600
- Unit Type Area: 1178
- Unit Type Area Units: Square Feet
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,600
- Unit Type Area: 500
- Unit Type Area Units: Square Feet
- Unit Type Type: 5
- Number Of Units Leased: 0
- Number Of Buildings: 3
Property History for 2208 Reservoir Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
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Listing Courtesy of Citivest Realty Services, Inc, Martin Fish, DRE #01988997
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.