CASH COW!!! $66,000 Gross Rents, ($52,104 NOI) and 5.63 CAP in Atwater Village!! HIGH RENTAL DEMAND AREA!! Newly remodeled units (top and bottom) with that beautiful farmhouse motif. Yard is big enough for a potential ADU addition. Each unit is 2 beds and 1 bath (approx 550 sq ft each) with an open floor plan (Title shows 1 Bed+1 Bath each). Upstairs tenant has been there for years and is current on rent ($2,550). Lower unit was being used by owner and will be delivered vacant upon purchase (can be rented for up to $3,000/mo). Upstairs has an exclusive patio and lower unit has its own dedicated patio. This property is minutes from the local eateries and shopping of Silver Lake, DTLA, Glendale and Glassel Park. Hikers, we are also minutes from Griffith Park: Area Walk score is 80 VERY Walkable. Convenient washer & dryer located near the downstairs patio and storage located in the back of the property. Great ROI as a rental.
Multi-familyProperty Type
1948Year Built
2,789 sq ftLot Size
$976Est. Price/Sq.Ft.
2 spacesParking
Listed by Mark Velasco•DRE #01789768• Sharpstone Realty, Inc.
Bought with Mark Velasco•DRE #01789768• Sharpstone Realty, Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
2,791 Sq. Ft.
Year renovated
1948
Sq. Ft.
1,002
Year built
1948
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
5437021020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 2026.
Feb 13, 2026 • Active
Electrical
Electrical
Feb 13, 2026 • Active
Plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 2
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Dryer Included, Electric Dryer Hookup, Individual Room, Outside, Washer Hookup, Washer Included
Cooling Information
Electric
Has Cooling
Heating Information
Electric
Has Heating
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10995331
Listing Key Numeric: 367878576
Actual Rent: $3,000
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $36,000
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10995332
Listing Key Numeric: 367878576
Actual Rent: $2,550
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $30,600
Total # of Units: 1
Expenses
Trash: $33
Total: $13,896
Insurance: $100
Water Sewer: $50
New Taxes: $925
Gardener: $50
Multi-Unit Information
Net Operating Income: $52,104
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 2 Bed Area: 3,000
Average 1 Bed Area Units: Sq. Ft.
Average 1 Bed Area: 2,250
Sq. Ft.
Total Building Area: 1,002
Gross Scheduled Income: $66,000
Gross Operating Income: $66,000
Gross Multiplier: 17.75
Gross Income: $66,000
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 2
# Of Buildings: 1
Operating Expense Percent: $21
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Back Yard
Property Information
Total # of Units: 2
Common Walls: No Common Walls
Parcel Number: 5437021020
Has View
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $13,896
Rent Control
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks
Location Information
Latitude: 34.11411200
Longitude: -118.26383100
Directions: Glendale Blvd North, RT on Ferncroft Rd
Zoning: LAR1
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,002
Stories: —
Lot Size: 2,791 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1948
Year Renovated: 1948
County: Los Angeles County
APN: 5437021020
Home facts updated by county records on Aug 29, 2026
Other
Listing Information
Days Active in MLS: 8
Continuous Days Active in MLS: 8
Listing Agent Information
List Agent First Name: Mark
List Agent Last Name: Velasco
Listing Office Information
List Office Name: Sharpstone Realty, Inc.
Selling Agent Information
Buyer Agent First Name: Mark
Buyer Agent Last Name: Velasco
Selling Office Information
Buyer Office Name: Sharpstone Realty, Inc.
Around this home
Schools
Atwater Avenue Elementary School
Public K-6 • Assigned • 0.5mi
8/10
Washington Irving Middle School Math Music and Engineering Magnet
Public 6-8 • Assigned • 1.3mi
9/10
Sotomayor Arts and Sciences Magnet
Public 6-12 • Assigned • 1.6mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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