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Betty Torano

betty.torano@exprealty.com +1(619) 851-6028

$2,890,000

Est. payment - /mo

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-25226

HOA Y/N No

Year Built 1951

Property Sub-Type Apartment

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. 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 Ductless, Floor Furnace

Cooling Ductless

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Gas Water Heater, Tankless Water Heater

Laundry Inside

Exterior

Parking Features Concrete, Driveway, Shared Driveway, On Street, Tandem, Uncovered

Fence Wrought Iron

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5438017010

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Robert Chuang Berkshire Hathaway Home Servic

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Betty Torano

+1(619) 851-6028

Agent | License ID: 01922296

Agent License ID: 01922296

2616 Glendale BLVD Los Angeles, CA 90039

Betty Torano

Key Details

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Exterior

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2616 Glendale BLVD