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$2,890,000
Est. payment /mo
4,180 SqFt
Active
2616 Glendale Boulevard Los Angeles, CA 90039
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $691
MLS Listing ID CRP1-25226
HOA Y/N No
Year Built 1951
Lot Size 5,811 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Rare opportunity to acquire a stabilized six-unit multifamily asset in the heart of Silver Lake, ideal for 1031 exchange and cash-flow investors. 4 -2 bed units and 2 - 1 bed units. The property features four units in the front building and two newly constructed ADUs in the rear, completed in 2024. Two of the front units have been renovated with new cabinetry, updated flooring, and in-unit laundry, while the rear ADUs offer modern layouts and low-maintenance new construction. Gas and electricity are fully separately metered, water is separately metered for the ADUs, and the front building water can be possibly implemented via RUBS, creating strong operational efficiency and improved NOI. Located along Glendale Boulevard near Whole Foods, popular restaurants, and coffee shops, this Silver Lake location benefits from consistently high rental demand and proximity to Ivanhoe Elementary School and John Marshall High School. The property has been well maintained by ownership and offers strong in-place income with long-term upside in one of Los Angeles' most sought-after rental markets.
Location
State CA
County Los Angeles
Interior
Heating Floor Furnace, Other
Cooling Other, ENERGY STAR Qualified Equipment
Flooring Vinyl
Fireplace No
Appliance Tankless Water Heater
Laundry Inside
Exterior
View None
Building
Lot Description Other

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