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Listed by Ann Marie Uy, DRE #01712288 • Homesmart Evergreen Realty
$ 2,690,000
Est. payment /mo
New
2618 Glendale Los Angeles, CA 90039
5,811 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26132163
Year Built 1951
Lot Size 5,811 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Interior
Cooling Heat Pump
Laundry Other
Exterior
Parking Features Other
Garage Spaces 2.0
Pool None
Roof Type 2
Building
Water District - Public
Others
Tax ID 5438017010
Special Listing Condition Not Applicable
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