1568 Murray Circle is 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. 1568 Murray Circle offers investors a blank slate to develop an income property with great architectural features that is located in the heart of a highly-desirable rental market that will be coveted by high-income young professionals and families for years to come.
Listing Agent: Max Berger 02054048 Courtesy of: Compass "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 27th November, 2022 1:38 AM (UTC)