2305 Glendale Boulevard,Los Angeles, CA 90039
Los Angeles, CA 90039
Description
FIRST TIME ON THE MARKET IN OVER 20 YEARS! Exclusive 8-Unit Apartment Building in the Heart of Silver Lake. Rare opportunity to acquire a beautifully maintained 8-unit apartment building in one of Los Angeles' most sought-after rental markets, Silver Lake. This exceptional income-producing asset generates nearly $19,000 per month in gross rental income, offering investors immediate cash flow with additional upside potential. This charming Streamlined Moderne-style building exudes character and architectural appeal while blending timeless design with thoughtful renovations. Several units have been tastefully upgraded with modern finishes, including beautiful Spanish tile flooring, enhancing tenant appeal while reducing future capital expenditures. The upper units boast dramatic 20-foot ceilings, multiple private balconies, abundant skylights, and an incredible amount of natural light, creating bright and spacious living environments. Select units also feature breathtaking panoramic views of the Silver Lake Reservoir, the surrounding mountains, and the iconic Griffith Observatory. The property is fully gated, providing residents with privacy, security, and peace of mind.The property presents an attractive combination of stable income and future value-add potential, making it an ideal investment for both seasoned multifamily investors and those looking to expand their portfolio in one of Los Angeles' strongest rental markets.Prime Silver Lake Location: Situated in the vibrant heart of Silver Lake, residents enjoy an unbeatable lifestyle within walking distance of the scenic Silver Lake Reservoir, surrounding parks, the popular dog park, Whole Foods, and an outstanding collection of acclaimed restaurants, trendy cafes, wine bars, and boutique shopping. The property is centrally located just minutes from the 5 and 2 Freeways, providing convenient access throughout Los Angeles. Residents are only a 1015 minute drive from Los Feliz, Hollywood, Downtown Los Angeles, Echo Park, Eagle Rock, Pasadena, and many of the city's most vibrant neighborhoods. With its exceptional architectural charm, strong rental income, upgraded units, panoramic reservoir views, gated setting, and one of the best locations in Silver Lake, this is a rare opportunity to acquire a premier multifamily asset in one of Los Angeles' most desirable and continually appreciating neighborhoods.
Details
| MLS # | 26866393 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 39 |
| Listing Provided By | Beverly & Company Luxury Properties | Laura Meldere |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 14 |
| SQ Feet | 6,416 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.15 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Dryer, Washer |
Parking
| Parking Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $2,750,000 low | high Med: $1,650,000 sqft: 6,416 low | high Med: 3,954 $ / sqft: $429 low | high Med: $417 On site: 39 low | high Med: 70 | |
Market Activity 90039
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $2,750,000 low | high Med: $1,650,000 sqft: 6,416 low | high Med: 3,954 $ / sqft: $429 low | high Med: $417 On site: 39 low | high Med: 70 | |