trophy duplex - loopnet · rowena reservoir. title: powerpoint presentation author: executive...
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![Page 1: TROPHY DUPLEX - LoopNet · Rowena Reservoir. Title: PowerPoint Presentation Author: Executive Assistant Created Date: 11/22/2019 11:19:57 AM](https://reader034.vdocuments.net/reader034/viewer/2022052021/60354d9cdbda9e09f5129ab0/html5/thumbnails/1.jpg)
3338-40 WAVERLY DR | LOS FELIZ | 90027
TROPHY DUPLEX
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PROPERTY DESCRIPTION
Trophy Duplex. A+ Location. Renovated Classic 1931 Spanish Revival in Los Feliz. Top unit 2
bedroom, 1 bath unit appx 1400+ Sf. delivered vacant with projected rent estimated at $6,250
per month. Bottom unit 2 bedroom, 2 bath 1400+Sf tenant occupied with rental increased to
$5,200 per month starting Jan 15, 2020. Fantastic owner user, 1031 exchange or investor
property with additional upside potential. + 4 CAP INCOME fully occupied or ideal single-
family home alternative for an owner/user up on the top floor with views. Bottom unit with
updated kitchen and baths. Other highlights include new building envelope restoration, new
windows, private yards, garage parking, additional on-site guest parking and 400+Sf on-site
storage. Quintessential Los Feliz with all the romantic charm and character. Ivanhoe School
district. Enjoy easy access to Silverlake, Atwater Village, Griffith Park. Hurry, this offering
will not last!
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PROPERTY HIGHLIGHTS
• GREAT OWNER USER OPPORTUNITY / INVESTOR UPSIDE
• ±4 CAP
• ±2,819 SF /± 7,129 LZ
• TOP UNIT (2 + 1) DELIVERED VACANT PROJECTED RENT $6,250K PER MONTH
• BOTTOM UNIT (2 + 2) TENANT OCCUPIED RENTAL INCREASE AT 1-15-2020
• UPDATED BUILDING ENVELOPE, NEW WINDOWS, RENOVATED BOTTOM UNIT
• 2 GARAGE SPACES + 4 ON-SITE PARKING SPACES 400 SF ADDITIONAL STORAGE
• A+ LOCATION
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FINANCIAL ANALYSIS
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LOCAL AREA HIGHLIGHTS
POINTS OF INTEREST
• SILVER LAKE RESEVOIR• ROWENA RESEVOIR• ATWATER VILLAGE • SUNSET JUNCTION• GRIFFITH PARK OBSERVATORY• GREEK THEATRE• ROOSEVELT GOLF COURSE• WILSON & HARDING GOLF COURSE• AUTREY MUSEUM• ATWATER VILLAGE AND SILVERLAKE ADJACENT• CONVENIENTLY LOCATED BETWEEN LOS FELIZ BLVD & HYPERION AVE
GROCERY STORES
• LASSENS• TRADER JOE’S• GELSON’S• WHOLE FOODS• SILVER LAKE WINE
SCHOOLS
• IVANHOE ELEMENTARY SCHOOL• THOMAS STARR KING MIDDLE SCHOOL• JOHN MARSHALL HIGH SCHOOL
•
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3338 Waverly Drive
Gelson’s MarketTrader Joe’s
Ivanhoe Elementary
John Marshall High School
Griffith Park Rec. Center
Rowena Reservoir
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