Description
This 3 story hilltop 4 bedroom 3 bath with stunning views makes for a fantastic home or an incredible investment property . Current owner has an average yearly income of 120k-$150k in Airbnb rentals. All three levels can work as a single family home or as two rental properties. The upper levels have 3 bed / 2 bath (+bonus room) with separate access, the lower level with a primary bedroom and en suite bathroom has its own private entrance, walk-in closet, separate kitchen, private deck with hot tub, and drop down movie screen. Located at the very peak of Franklin Hills, "Casa Ronda" offers sweeping views of Silverlake and easy access to pop down into the top tier restaurants of Silverlake, or the hip shops and coffee houses of Los Feliz on the other side of the hill. Franklin Hills has ample parking and a quaint neighborhood feel, as it is not used as a through street for traffic. Remodeled from the studs up, this house offers an open plan kitchen on the entrance level with a sushi island, a gas fireplace, large living room with big, uninterrupted views and an outdoor deck with a coal burning grill for summer barbecuing. The top floor was updated 5 years ago with its own HVAC heating and cooling system. One level down on the middle floor, sits two bedrooms (one with a large built-in bookshelf), an updated bathroom, and a washer/dryer. On the third, bottom level, sits a large primary bedroom that can be accessed via the main stairwell, or via a side entrance on the middle level, or directly via the lower deck, making it easy to utilize as a primary bedroom, or as a separate "lockout unit" for rental or for owner occupation while renting the upper 3 bedroom home. The owner has ample records of all Airbnb rentals for interested income property buyers. The house can come fully furnished if desired by the buyer and potentially the home's Airbnb manager may also be willing to continue managing the property, which she has done for the entire rental period, with hardly any work by the owner at all. This property is a great value for any investor, or for a new homeowner who wants to own a property that can largely pay for itself.
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Listing Agent: Irina Ginzburg 02199824 Courtesy of: Douglas Elliman "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: 1st February, 2023 5:52 PM (UTC)
