2811 Waverly Drive, built in 1954, is a classic Mid-Century multifamily apartment community in Silver Lake's Upper Village (90039) sited on a large, well landscaped parcel of land.

The property consists of a well maintained and improved Six (6) unit apartment community featuring a diverse unit mix of Four (4) One Bedroom, One Bath, One (1) Single and One (1) Two Bedroom, One and One Half Bath apartment home.

The units feature original hardwood flooring, classic finishes and gorgeous garden views. Four of the units have been upgraded to attract the from the areas young urban demographic.

The property features include a large corner parcel of land, mature landscaping, on-site laundry facilities, separate gas / electrical meters, separate water heaters and open air parking for seven (7) vehicles.

The asset has experienced very high historical occupancy and a recent rental survey shows there is significant upside in the existing rents.

The property is located in the Los Angeles community of Silver Lake, adjacent to the cities of Los Feliz and Hollywood. This upper Silver Lake Village neighborhood is a small, yet highly coveted residential community and is only steps away from numerous restaurant and entertainment venues on Rowena and Hyperion Avenue which is considered one of the trendiest communities in Southern California. Within a short distance from the property residents can enjoy fine dining, transportation services, local shopping and business services and all within the highly coveted Ivanhoe School District.

**Square footage figures are estimates.

Location Description:

Classic Mid-Century in Upper Silver Lake

Excellent Unit Mix with Real Rental Upside

Large Parcel with Mature Landscaping and Parking for All Residents

4 of 6 Units Upgraded and Smartly Renovated

Separately Metered for Gas & Electricity / Common Area Laundry

Highlights:

>> Silver Lake Location

>> Significant Rental Upside

>> Huge Tranquil Parcel of Land

>> Excellent Unit Mix

>> Open Air Parking for 7 Vehicles

>> Onsite Laundry Facilities

>> Separate Gas & Electrical Metering

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