See OM in Docs Section of this listing. Gross Income presented assumes a 4% annual rent increase for Unit 3 as of March 1st, 2025. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 1421 Waterloo St. a, four (4) unit residential property built in 1929 and 1965. The property is located two blocks north of Sunset Blvd, in the heart of the upscale Silver Lake neighborhood of Los Angeles. 1421 Waterloo St is a four-unit residential property consisting of one stand-alone 3-bed+1.5-bath house built in 1929 and three additional units situated in a triplex constructed in 1965. The triplex is comprised of two (2) 2bed+1bath units and one (1) 1bed+1 bath unit. UNIT DETAILS: 3bed+1.5bath House: The approximately 1,421-square-foot,single -story home is freestanding at the front of the lot. It features an open entry room that leads to a spacious living area through a charming arched doorway. The large living room features smooth ceilings and elegant crown molding throughout. The large kitchen is well-equipped, offering an updated dishwasher, laminate floors, and a convenient side exit to the driveway. The first bedroom, located off the kitchen, is versatile and perfectas a home office or guest room. The second bedroom, positioned at the back right of the house, provides privacy and features a half bath ensuite and a walk-in closet. The third bedroom is generously sized, complete with a walk-in closet, making it an excellent primary bedroom option. A full bathroom is conveniently located in the hallway, and additional hallway storage ensures ample space for organization. The property also boasts newer windows and a wall heater for efficient warmth during cooler months. Triplex: All units in the triplex offer a bright and airy living experience, enhanced by newer windows that fill the space with natural light. The unit features updated flooring throughout, including stylish tile in the kitchen, which seamlessly opens to a spacious and modern living area. Tenants will appreciate the large bedrooms, each outfitted with mirrored closets that combine functionality and sophistication. Additional hallway storage provides practicality, while a wall heater ensures comfort year round. Situated above the parking lot, this one-bedroom unit offers unobstructed views of the hills, adding to its unique charm. All units are separately metered for electricity and gas, the tenants pay for their own trash and the landlord pays for water. Parking is provided on site with six (6) spaces. The property has major potential to add Accessory Dwelling Units.* A tall ceiling height carport at the lower level of the triplex provides a prime opportunity to add an accessory dwelling unit. In2009, ownership went through plan check and was issued a permit to create an additional unit in this space but never moved forward with construction.* A storage area at the rear of the house has direct access through an outside door and windows already in place, providing an excellent opportunity to create an accessory dwelling unit.