For those hankering to get into the landlord business, a couple of intriguing opportunities have presented themselves in Silver Lake’s Sunset Junction. One is a side-by-side Craftsman-style duplex built in 1924. Per the listing, each unit has two bedrooms and one bath and features hardwood floors, built-in bookcases and seating, and a decorative Batchelder fireplace.
The property, which includes a detached two-car garage, is listed with an asking price of $725,000. That price may sound shockingly reasonable; however, potential bidders will also have to take into account the fact that both units are currently occupied by longterm tenants paying “well below market-rate” rents.
If the prospect of displacing multiple renters seems too daunting, well, the same owner is also offering up for sale the duplex next door, which has one vacant unit. Both units of the 1928 Spanish-style property have two bedrooms, one bath, a formal dining room, a breakfast room, and a laundry porch. Features include hardwood floors, archways, built-ins, and period tile. On a 3,635-square-foot lot with a detached two-car garage, it’s asking $875,000.