3938 Cumberland Avenue
3 Units – 4 Bedrooms – 3.5 Baths – $965,000
3938 Cumberland Ave., Los Angeles, CA 90027
Just listed and new to the market, this hillside triplex in the Franklin Hills area of Los Feliz is perfect for an investor. It’s also perfect for the first-time home buyer who hates paying rent. Why is this the perfect property for people who hate paying rent? Because the day you stop paying rent you not only get to stop paying rent, which is awesome, you also get to start collecting rent. You win. And you keep winning if you are like most people I know who own income property today. It is a great time to be a landlord in Los Angeles.
Income Property Sales Trends
I still can’t find that one person. That one person who ever bought a duplex in Silver Lake and regrets it. Income property prices continue to rise in Silver Lake, Atwater Village, Highland Park and, especially, Echo Park, where the average multi-unit property sells for 29% more than it did last year, on average.
It’s a great time to be a landlord in Los Angeles.
People who own multi-unit properties in L.A. right now are sitting pretty. Demand for rental property far exceeds the number of rental units available today. Few new dwelling units have been added to the area’s housing supply this century and those being built today will barely put a dent in current demand, let alone future demand. The economy is on fire, everyone is working again, more people than ever want to live in the Los Angeles area. It is smart to be a landlord and it is the right time to buy income property in Los Angeles. Continue reading
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Walk to it all from this conveniently-located duplex on Griffith Park Blvd. in Silver Lake. Join me this Sunday, January 12th, from 1-4 pm at 1905 Griffith Park Boulevard and see for yourself the many options and possibilities this great … Continue reading
I had a chance to see this newly-listed triplex in Highland Park this week. Located in the Highland Park Historic Preservation Overlay Zone (HPOZ) this super Spanish-style 3-unit property has great potential for an owner-user or an investor.
Looking for a great way to generate some passive income? This 4-unit apartment building for sale in Echo Park might be just what you need! Located just south of Sunset Boulevard and very close to the 101/110 interchange, “easy freeway access” is an understatement here.
Here’s a good one! 1107 Sanborn, just up the hill from Sunset Junction, has lots of possibilities. Looking for a duplex near Sunset Junction? This one’s for you. Looking for a single family home within walking distance of Sunset Junction? This one works too! Looking for a property in Silver Lake with some airbnb potential? Slam dunk.
Check out this sweet contemporary home perched on hillside in the Franklin Hills area of Los Feliz.
Beauty is in the eye of the beholder, and, for some, this Echo Park fixer is quite fetching.
Run, don’t walk, to this Silver Lake duplex if you want to have a chance at owning it…
This very unique home in Silver Lake has been reduced to $829,000. The best deal in the Ivanhoe school district today! Continue reading