See all 9 photos
9 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,495,000
Est. payment /mo
8 Beds
5 Baths
3,457 SqFt
UPDATED:
02/05/2025 07:01 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,457 sqft
Price per Sqft $432
MLS Listing ID 25-490509
Bedrooms 8
Year Built 1929
Lot Size 7,601 Sqft
Acres 0.1745
Property Sub-Type Multi-Family
Property Description
See OM in Docs Section of this listing. Gross Income presented assumes a 4% annual rent increase for Unit 3 as of March 1st, 2025. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 1421 Waterloo St. a, four (4) unit residential property built in 1929 and 1965. The property is located two blocks north of Sunset Blvd, in the heart of the upscale Silver Lake neighborhood of Los Angeles. 1421 Waterloo St is a four-unit residential property consisting of one stand-alone 3-bed+1.5-bath house built in 1929 and three additional units situated in a triplex constructed in 1965. The triplex is comprised of two (2) 2bed+1bath units and one (1) 1bed+1 bath unit. UNIT DETAILS: 3bed+1.5bath House: The approximately 1,350-square-foot(Buyer to verify),single -story home is freestanding at the front of the lot. It features an open entry room that leads to a spacious living area through a charming arched doorway. The large living room features smooth ceilings and elegant crown molding throughout. The large kitchen is well-equipped, offering an updated dishwasher, laminate floors, and a convenient side exit to the driveway. The first bedroom, located off the kitchen, is versatile and perfectas a home office or guest room. The second bedroom, positioned at the back right of the house, provides privacy and features a half bath ensuite and a walk-in closet. The third bedroom is generously sized, complete with a walk-in closet, making it an excellent primary bedroom option. A full bathroom is conveniently located in the hallway, and additional hallway storage ensures ample space for organization. The property also boasts newer windows and a wall heater for efficient warmth during cooler months. Triplex: All units in the triplex offer a bright and airy living experience, enhanced by newer windows that fill the space with natural light. The unit features updated flooring throughout, including stylish tile in the kitchen, which seamlessly opens to a spacious and modern living area. Tenants will appreciate the large bedrooms, each outfitted with mirrored closets that combine functionality and sophistication. Additional hallway storage provides practicality, while a wall heater ensures comfort year round. Situated above the parking lot, this one-bedroom unit offers unobstructed views of the hills, adding to its unique charm. All units are separately metered for electricity and gas, the tenants pay for their own trash and the landlord pays for water. Parking is provided on site with six (6) spaces. The property has major potential to add Accessory Dwelling Units.* A tall ceiling height carport at the lower level of the triplex provides a prime opportunity to add an accessory dwelling unit. In2009, ownership went through plan check and was issued a permit to create an additional unit in this space but never moved forward with construction.* A storage area at the rear of the house has direct access through an outside door and windows already in place, providing an excellent opportunity to create an accessory dwelling unit.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 6.0
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard
Read Less Info
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Equity Union