2618 Glendale,Los Angeles, CA 90039
Los Angeles, CA 90039
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.
Details
| MLS # | GD26132163 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 68 |
| Listing Provided By | Homesmart Evergreen Realty | Ann Marie Uy |
Features
| SQ Feet | 4,180 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.13 |
Interior
| Cooling | Ductless, Heat Pump |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Asphalt |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | Block, Wrought Iron |
Parking
| Parking Features | Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | 637 Los Feliz |
| Listing VS Median (in 90039) | |
Price: $2,690,000 low | high Med: $1,699,500 sqft: 4,180 low | high Med: 2,777 $ / sqft: $644 low | high Med: $755 On site: 68 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 | 637 Los Feliz |
| Listing VS Median (in 90039) | |
Price: $2,690,000 low | high Med: $1,699,500 sqft: 4,180 low | high Med: 2,777 $ / sqft: $644 low | high Med: $755 On site: 68 low | high Med: 70 | |