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2631 Glendale Boulevard, Los Angeles, CA 90039$3,050,000

2
beds
1
bath
6980
ft2
· 14818
ft2 lot
$437 / ft2

Listing provided courtesy of Nick Astrupgaard, KW Commercial Studio City
Source CRMLS;
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The sale includes the adjacent fourplex located at 2637 Glendale Blvd. 2631 Glendale Blvd (APN: 5439-009-003) and 2637 Glendale Blvd (APN: 5439-009-004) are two side-by-side fourplexes in Silver Lake being offered for sale together as one transaction. The offering provides investors a unique opportunity to acquire eight units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 2631 and 2637 Glendale Blvd are ideally located in Silver Lake and walkable to many neighborhood hotspots. It features an ideal unit composition of eight large Two (2) Two-Bedroom | One-Bathroom units. The units are large in size and average nearly 900 square feet each. The units offer many original details featured in 1940s construction such as original hardwood floors, ample windows, many original built-ins, and a separate room for an in-unit washer/dryer. As a bonus, there are currently two vacant units allowing the next owner to optimize and rent for market value. Units are accessed through a quiet, open-air courtyard; each unit features front and rear access and exit. In all, 2631 and 2637 Glendale Blvd feature 6,980 SF of improvements on a collective 14,818 square feet of land, zoned LAR2. The property is fully parked with a total of 8 parking spaces. Gas and electrical utilities are separately metered.

HOA

No HOA

On market

5 months

Year built

1947

Property type

Multi-Family

Parking

8

MLS

22192663

Price / Sq.Ft.

$437 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 2631 Glendale Boulevard

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 6980.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Carport
Building Info
•   
Zoning: LAR2
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Estimated
•   
Lot Size Acres: 0.3402
•   
Lot Size Area: 14818.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 8
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 177276.00
•   
Cap Rate: 4.00
•   
Total Expenses: 56232.00
•   
Gross Multiplier: 16.80
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 180894.00
•   
Tax Year: 2021
•   
Taxes: 3972.23
Lease Info
•   
Net Operating Income: 121044.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 8
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1884.00
•   
Unit 1 Total Rent: 15075.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Great Location on Glendale Blvd in Silver Lake
Other
Calculation
•   
Dom: 8

Property History for 2631 Glendale Boulevard

08/23/2022
08/23/2022
CRMLS #22192663
active
CRMLS #22192663
$3,050,000

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