3338-40 WAVERLY DR | LOS FELIZ | 90027

TROPHY DUPLEX

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!

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

FINANCIAL ANALYSIS

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