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$2500000   Price Analysis
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2616-2618 Glendale Blvd
Los Angeles, CA 90039
10 bed 6 bath 4180 SqFt ($598/SqFt)
5811SqFt lot. Built 1951
Listed 2024-06-26, Taxes $6611
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great opportunity to own a large newly renovated residential income property.

This property is in Silver Lake located close to many shops and restaurants including Whole Foods and Starbucks. Totaling 6 separate units, 10 bedrooms, 6 bathrooms and 4180 sqft of living space. 4 units have already been completely renovated with newer kitchens, bathrooms, appliances, floors, windows, tankless water heaters, ceiling fans and mini splints for AC and heating.

These 4 completely renovated units re 2 bedrooms and 1 bathroom ea ch. The other 2 units have well established tenants and are 1 bedroom, 1 bathroom each. There are 7 newly updated electric meters, 6 gas meters and 3 water meters. Come and see this is a exceptional investment opportunity.


Presented by Ann Marie Uy at
Homesmart Evergreen Realty.


Property MLS #GD24122828 from CRMLS

Bedrooms: 10

Laundry Features: Dryer Included, Gas Dryer Hookup, In Kitchen, Inside, Stackable, Washer Hookup, Washer Included

Full Bathrooms: 6

Lot Description: 6-10 Units/Acre
Lot Size Acres: 0.1334022
Lot Size Source: Assessor
Lot Size Square Feet: 5811

Parking Features: Parking Features: Assigned, Driveway, Parking Space, Street

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 840.00

Number of Units Leased: 4
Tenant Pays: Cable TV, Electricity, Gas, Parking Fee
Rent Control: Yes

Community Features: Sidewalks, Street Lights, Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2032.00
Area: C21 - Silver Lake - Echo Park
Source Neighborhood: C21 - Silver Lake - Echo Park
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 3
Parcel Number: 5438017010
Postal Code Plus 4: 2740
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$213227 + $318984
$532211
$6611
2020$211041 + $315714
$526755
$6674
2019$206903 + $309524
$516427
$6416
2018$202847 + $303455
$506302
$6372
2017$198870 + $297505
$496375
$6235
2016$194971 + $291672
$486643
$6072
2015$192043 + $287291
$479334
$5986
2014$188282 + $281664
$469946
$6029
2013$187432 + $280392
$467824
$6029
2012$183757 + $274895
$458652
$6110
2010$180154 + $269505
$449659
$5988
2009$179233 + $268127
$447360
$5772
2009$178808 + $267491
$446299
$5772
2008$175719 + $262870
$438589
$5531
2007$172274 + $257716
$429990
$5344

Listed 2024-06-26
$2500000
CRMLS
Sold 2022-05-11
$1675000
CRMLS
Listing removed 2022-03-02
$0
TheMLSCLAW
Listed 2021-12-03
$1695000
TheMLSCLAW
Listing removed 2007-02-26
$939000
ITECH
Listed 2006-08-25
$939000
ITECH
Sold 1988-09-07
$307000
Public Record
Sold 1988-01-15
$290000
Public Record

Net Operating Income: 170954.00

Total Square Feet Living: 4180
Year Built: 1951
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Levels 1 and 2
Property Age: 73
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 2997.00
Water Source: Public

Ivanhoe Elementary School is a public elementary school located approximately 0.4 miles away.
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John Marshall Senior High School is a public high school located approximately 1 miles away.
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Thomas Starr King Middle School is a public middle school located approximately 1.3 miles away.
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ASA Silver Lake School is a private elementary and middle school located approximately 0.3 miles away.
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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.