Property Details

Price $2,150,000

Year Built 1924

# of Units 2

Price P/ Unit $1,075,000

Sq. ft. 3,136 SF

Lot Size 9,046 SF

Zoning LARD2

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About the Property

Kenny Stevens Team and Bryant Reichling are pleased to present 1568 Murray Circle, a Silver Lake development opportunity featuring a gutted Spanish-style duplex on an oversized 9,000+ SF corner lot. Located north of Sunset Boulevard and 0.7 miles from Sunset Junction, the subject property is in the heart of a trendy and vibrant community that offers residents a walkable commute to a wide array of beloved hotspots along Sunset Boulevard. Current improvements of this development opportunity include a gutted Spanish-style duplex comprised of (2) 2-bdrm. units (approx. 1,500+ SF each) that feature storybook balconies on a 9,000+ SF each. Based on renovated units in the area, we believe a future investor could achieve approx. $4,900 per unit and generate $9,800 in gross monthly income. Additionally, the lot features a wide array of cactus species, observation decks with views and a freestanding two-car garage.

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