2330 Teviot St is a rare, meticulously maintained duplex (two single-family residences on a massive 10,000 square foot lot) nestled in highly sought-after Silver Lake! The sprawling hillside property is just minutes away from the picturesque Silver Lake Reservoir and Glendale Blvd, home to popular spots like Whole Foods, Red Lion Tavern, and Constellation Coffee! With its prime, walkable location, breathtaking views of the Silver Lake Reservoir, and expansive decks off each unit's living area, this property has always been a magnet for A+ tenants. Additionally, there is an existing non-conforming unit (used currently as storage) that has potential to be converted into an ADU- offering buyers a significant value add play!
This iconic hillside property will be delivered with one home vacant at close of escrow- presenting an ideal opportunity for both owner-occupiers and investors alike. Option A: Reside in the luxuriously renovated, vacant single-family residence while enjoying rental income to offset expenses. Option B: Rent both units out for a projected cap rate of 4.76% and convert the non-conforming unit into an ADU for further added income! The front home's tenants are highly reliable and respectful, with a track record of timely payments- making them both perfect neighbors and tenants!
The rear residence is a fully remodeled 3-bedroom, 2-bathroom SFR that blends the character and charm of the 1920's with ultra-chic modern accents (2023 renovation). Features include original arched details, curved plaster ceilings, modern LED recessed lighting, a brand-new kitchen with stainless steel LG appliances, and a spacious deck offering captivating sunset views of Silver Lake Reservoir and the canyon. The front residence, a 2003 constructed 2-bedroom, 2-bathroom SFR with an attached two-car garage, boasts an open floor plan, a gourmet kitchen with a large island, a stylish tiled bathroom, and expansive sliding glass doors leading to a generous sun deck with sweeping hillside and reservoir views. Notably, both residences have their own washer and dryer units!
With 6 private parking spaces (4 exterior spaces and 2 garage spaces) secured behind a motorized security gate, parking is ample—a rare find in this bustling area! Whether you're looking for a home with rental income potential or a savvy investment opportunity, 2330 Teviot St offers the versatility and financial prospects you've been searching for!