639 Robinson Street

Los Angeles, CA 90026

$2,795,000
Price
11
Beds
6
Baths
4,073 Sq. Ft.
$686 / Sq. Ft.
4,073
Sq. Ft.
$686
per Sq. Ft.

Description

Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building. Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1,650,000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property...Discover the perfect turn-key investment opportunity with this exceptional Silver Lake 6-unit building. Boasting a prime location and outstanding unit mix, this property is a gem for savvy investors. WITH AN ASSUMBLE LOAN OF APPROXIMATELY $1,650,000 AT A VERY LOW RATE OF 3.6%, FIXED FOR APPROXIMATELY THE NEXT 7 YEARS WITH PAYMENTS AMORTIZED OVER 30 YEARS, this investment offers a solid financial foundation. Featuring five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, this property caters to a diverse range of tenants. The meticulously restored units showcase modern upgrades and stylish finishes, ensuring tenant satisfaction and maximizing rental potential. Convenient amenities include two garages, four on-grade parking spaces, and separate metering for electricity and gas in each unit. The front building, constructed in 1960, houses four of the 2-bedroom units, while the rear duplex offers a spacious 2-bedroom unit over a double car garage and a 1-bedroom unit. Currently under professional management, this property offers a seamless investment opportunity with the option for personal management. Don't miss out on this rare chance to own a premium income-generating property in one of Silver Lake's most sought-after neighborhoods. Take advantage of the assumable loan and secure your place in this thriving real estate market today!
  1. Listed by Peter V Buonocore • DRE #01279107 • Brokerage DRE #01364089 • Keller Williams Larchmont
  2. Listed by Lane Aronson • DRE #00681193 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 639 Robinson Street

Zoning
LARD2
Parcel Number
5401015010
Total Units
6.0
Living Area
4073
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
6618
LISTING UPDATED: 11/18/2024 11:29 AM

Property Details for 639 Robinson Street

StatusActive
MLS #24-420339
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.15 AC / 6,618 SF
CountyLos Angeles County

Building Information for 639 Robinson Street

Stories2Residences-Year Built1931Building Size-Lot Size0.15 AC / 6,618 SF

Property Information for 639 Robinson Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $207,024
  • Net Operating Income: $139,098.00
  • Gross Income: $200,812
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: $13.60
  • Total Annual Expense: 61715
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1519
  • Lot Size Square Feet: 6618
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Covered Parking: 2
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,652.00
  • Unit Actual Rent: $2,652.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,094.00
  • Unit Actual Rent: $3,094.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,536.00
  • Unit Actual Rent: $3,536.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,475.00
  • Unit Actual Rent: $2,475.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $576,300.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $2,305,200.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $2,881,500.00

Property History for 639 Robinson 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 639 Robinson Street

Taxable ValueLand$2,351,304Additions$587,826Total$2,939,130
Tax Record2024$36,259 ($3,022 / month)
Home Facts
Total Finished SqFt4,073 SqFtAbove Grade Finished SqFt4,073 SqFtLot Size6,616 SqFtStyleMulti-Family Res (5+ Units)Year Built1931ZoningLARD2CountyLOS ANGELESAPN5401-015-010

Schools near 639 Robinson 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
Public - 9 to 12
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Miguel Contreras Learning Complex School
Public9 to 12

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.

Similar Homes

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639 Robinson Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on July 29, 2024 by Keller Williams Larchmont, it's currently listed at $2,795,000. It has been on the market for a total of 118 days and was last sold on December 30, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 639 Robinson Street is a 11-bed, 6-bath, 4,073 sqft multi-family home built in 1931.

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 Keller Williams Larchmont, Peter V Buonocore, DRE #01279107; Berkshire Hathaway HomeServices California Propert, Lane Aronson, DRE #00681193

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.