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2631 Glendale Blvd

Los Angeles, CA 90039
  • $3,050,000
  • STATUS: Active
  • ON SITE: 158 Days
  • MLS #: 22-192663
UPDATED: 43 min ago
$3,050,000
  • 16
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,980
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

The sale includes the adjacent fourplex located at 2637 Glendale Blvd. 2631 Glendale Blvd (APN: 5439-009-003) and 2637 Glendale Blvd (APN: 5439-009-004) are two side-by-side fourplexes in Silver Lake being offered for sale together as one transaction. The offering provides investors a unique opportunity to acquire eight units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 2631 and 2637 Glendale Blvd are ideally located in Silver Lake and walkable to many neighborhood hotspots. It features an ideal unit composition of eight large Two (2) Two-Bedroom | One-Bathroom units. The units are large in size and average nearly 900 square feet each. The units offer many original details featured in 1940s construction such as original hardwood floors, ample windows, many original built-ins, and a separate room for an in-unit washer/dryer. As a bonus, there are currently two vacant units allowing the next owner to optimize and rent for market value. Units are accessed through a quiet, open-air courtyard; each unit features front and rear access and exit. In all, 2631 and 2637 Glendale Blvd feature 6,980 SF of improvements on a collective 14,818 square feet of land, zoned LAR2. The property is fully parked with a total of 8 parking spaces. Gas and electrical utilities are separately metered.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T07:42:41.767. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/132398394
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2631 Glendale Blvd Los Angeles, CA 90039

  • Price: $3,050,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 43 min ago
  • MLS #: 22-192663
16
Beds
0
Baths
0
½ Baths
0.16
Acres
6,980
SQFT
$437
$/SQFT
1947
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
The sale includes the adjacent fourplex located at 2637 Glendale Blvd. 2631 Glendale Blvd (APN: 5439-009-003) and 2637 Glendale Blvd (APN: 5439-009-004) are two side-by-side fourplexes in Silver Lake being offered for sale together as one transaction. The offering provides investors a unique opportunity to acquire eight units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 2631 and 2637 Glendale Blvd are ideally located in Silver Lake and walkable to many neighborhood hotspots. It features an ideal unit composition of eight large Two (2) Two-Bedroom | One-Bathroom units. The units are large in size and average nearly 900 square feet each. The units offer many original details featured in 1940s construction such as original hardwood floors, ample windows, many original built-ins, and a separate room for an in-unit washer/dryer. As a bonus, there are currently two vacant units allowing the next owner to optimize and rent for market value. Units are accessed through a quiet, open-air courtyard; each unit features front and rear access and exit. In all, 2631 and 2637 Glendale Blvd feature 6,980 SF of improvements on a collective 14,818 square feet of land, zoned LAR2. The property is fully parked with a total of 8 parking spaces. Gas and electrical utilities are separately metered.
Exterior Features

Lot Size Area 14818 Other Structures Shed(S) Parking Garage Carport Total Parking 8

Interior Features

Baths Total 8.00 Cooling Wall/Window Equipment Other Flooring Hardwood Heating Wall

Property Features

Assessed Total Value 292169 Gross Income 180894 Gross Operating Income 177276 Like Units1 8 Net Operating Income 121044.00 Number Of Buildings 2 Number Of Units 8 Rent Control YN Yes Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 56232 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City: 818-432-1500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T07:42:41.767. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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