2618 Glendale, Los Angeles, CA 90039
- $2,690,000
- List Price
- $2,690,000
- Status
- ACTIVE
- MLS#
- GD26132163
- Year Built
- 1951
- Lot Size
- 5,811
- Acres
- 0.13
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 26
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
2618 and 2616 Glendale Blvd are 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. Upside potential is renovating the remaining two units into 2 bedrooms from 1 bedroom.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Ductless, Heat Pump
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $183,025
- Operating Expense
- 31536
Listing courtesy of Listing Agent: Ann Marie Uy (annmarieuy@gmail.com) from Listing Office: Homesmart Evergreen Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.