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Listed by David Sevanian, DRE #01275548 • Keller Williams VIP Properties
$ 1,725,000
Est. payment /mo
New
2313 Glendale BLD Los Angeles, CA 90039
7,378 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26141627
Year Built 1923
Lot Size 7,378 Sqft
Source California Regional MLS
Property Description
*7.5% CAP RATE! Discover an exceptional investment & development opportunity in the heart of Silver Lake with this rare SIX-UNIT income property ideally positioned just moments from the Silver Lake Reservoir, meadow trails, dog park, and some of Los Angeles' most sought-after dining, shopping, and entertainment destinations. Located on a lush, oversized lot surrounded by mature avocado, fig, and lime trees, this property offers a unique blend of strong in-place cash flow, long-term appreciation potential, and future development upside in one of LA's most desirable rental markets. The property currently generates approximately $12,929 per month ($155,148 annually) in gross rental income and features six separately metered units, simplifying management and maximizing operational efficiency. Recent improvements include dual-pane energy-efficient windows throughout, while seven on-site parking spaces-five covered carports and two additional uncovered spaces-provide a highly desirable amenity rarely found in such a prime urban location. The upper rear unit enjoys pocket views of the Silver Lake Reservoir area and the iconic Griffith Observatory, further enhancing tenant appeal. ZONED R3, this property presents a compelling opportunity for investors seeking both immediate income and fu
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 5439001014
Special Listing Condition Not Applicable
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