$3,250,000 Price Analysis   ♡   Los Angeles, CA 90026 4 bed 7 bath 9,375 SqFt ($346/SqFt) 5,694SqFt lot. Built 1924 Listed 2024-05-02, Taxes $7,372 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2nd PRICE REDUCTION - SELLER WILL CARRY FOR QUALIFIED BUYERS We are pleased to present for sale this rare Mixed-Use investment opportunity in one of LA's hottest locations Silver Lake!
Offered for sale for the first time in 40 Years and strategically located on famous Sunset Boulevard, 2506 W Sunset s a 9, 375 SF stunning brick building built in 1924. It is composed of (3) Ground Floor Retail Units and (7) Apartment Units on the 2nd Floor, with (3) Expansive Storage Units, poised for an ADU(s) (Buyer to Verify Feasibility). The property is situated on lot size of 5, 700 SF, Zoned (Q) C2-1VL, Tier 3 TOC with 50 Foot Frontage and 35K CPD on Sunset Blvd, with Alley Access off Coronado Street with (8) Parking Spaces at the rear of the lot.2506 W Sunset Blvd is considered Walkers Paradise with a walk score of (92), where daily errands do not require a car.DO NOT DISTURB TENANTS.
All Offers must be submitted on CAR form CPA with current proof of funds, schedule of real estate and pre-approval if applicable. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents and the ability to construct ADU(s) or additional units. Do Not Walk on Property or Disturb Tenants.
Presented by Eric Dilanian at
RE MAX Commercial & Investment Realty.
Property MLS #24-386967 from TheMLSCLAW
Full Bathrooms: 7
Lot Size Dimensions: 50x107
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5694
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 10000, 2 BathsTotal: 1, 2 SquareFeet: 2244, 3 SquareFeet: 10500
County: Los Angeles
Cap Rate: 5.38
Directions: Sunset Boulevard
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5402-014-022
Postal Code Plus 4: 3904
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $232,979 + $284,757 $517,736 | $7,372 |
| 2021 | $228,411 + $279,174 $507,585 | $7,242 |
| 2020 | $226,069 + $276,312 $502,381 | $7,297 |
| 2019 | $221,637 + $270,895 $492,532 | $7,051 |
| 2018 | $217,292 + $265,584 $482,876 | $6,910 |
| 2017 | $213,032 + $260,377 $473,409 | $6,733 |
| 2016 | $208,855 + $255,272 $464,127 | $6,497 |
| 2015 | $205,718 + $251,438 $457,156 | $6,415 |
| 2014 | $201,689 + $246,513 $448,202 | $6,456 |
| 2013 | $200,778 + $245,399 $446,177 | $6,447 |
| 2012 | $196,842 + $240,588 $437,430 | $6,529 |
| 2010 | $192,983 + $235,871 $428,854 | $6,248 |
| 2009 | $191,997 + $234,666 $426,663 | $6,032 |
| 2009 | $191,541 + $234,109 $425,650 | $6,032 |
| 2008 | $188,233 + $230,065 $418,298 | $5,803 |
| 2007 | $184,543 + $225,554 $410,097 | $5,599 |
$3,250,000
TheMLSCLAW
Price Changed 2024-06-28
$3,495,000
TheMLSCLAW
Listed 2024-05-02
$3,950,000
TheMLSCLAW
Listing removed 1999-07-01
$589,000
ITECH
Listed 1997-03-02
$589,000
ITECH
Sold 1982-04-09
$220,000
Public Record
Year Built: 1924
Levels: Multi Levels
Property Age: 100
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.