$2195000 Price Analysis   ♡   Los Angeles, CA 90039 6 bed 7 bath 2458 SqFt ($893/SqFt) 4800SqFt lot. Built 1921 Listed 2024-04-16, Taxes $24733 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
KW Commercial proudly presents 2641 Riverside Terrace
An exquisite bungalow-style apartment community comprising six units, ideally situated in the highly sought-after Silver Lake neighborhood of Los Angeles. This unique property offers a diverse unit mix, including a open 3-bedroom/2-bathroom unit, three comfortable 1- bedroom units and two charming single units. Parking is provided with three 1-car garages. Each unit in this meticulously maintained building showcases a distinctive layout and design, seamlessly blending vintage charm with modern amenities. These units feature updated kitchens equipped with stainless steel appliances and stylish bathrooms. The inclusion of mini split air conditioning units ensures highly efficient heating and cooling in each unit. A standout feature of this property is the private enclosed outdoor spaces, offering tenants a tranquil retreat fr relaxation and entertainment.
Sitting on a 4, 800 square foot lot, this 1921 property underwent a comprehensive renovation in 2020, both inside and out. The renovation included new flooring, kitchens, bathrooms, tile work, hardscaping, stucco and more, ensuring a modern living experience while preserving its timeless charm. The property is situated in Silver Lake, surrounded by cafes, entertainment venues and lifestyle amenities such as Intelligentsia, Erewhon, Edendale, Forage, Michelangelo Ristorante, Ivanhoe Restaurant, Burgers Never Say Die, Cafe Stella, Whole Foods and Trader Joes. Countless dining and shopping options are a short distance away, with DTLA, Los Feliz and Holl ywood a short drive away. Electrical utilities are separately metered and paid by the tenants, while water and gas expenses are covered by the owner. Given its prime location and robust income metrics, 2641 Riverside Terrace presents an ideal investment opportunity for apartment operators seeking immediate returns and long-term wealth preservation, with the potential for future rental income growth.
Presented by Archie Robb at
Keller Williams Realty La Canada Flintri.
Property MLS #24-380751 from TheMLSCLAW
Full Bathrooms: 7
Laundry Features: Laundry Area
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4800
Garage Description: Garage - 1 Car
Parking Total: 3
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 4000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 6500, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 4200
County: Los Angeles
Cap Rate: 5.75
Directions: Google Maps.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5438-002-006
Postal Code Plus 4: 4036
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $528064 + $1515540 $2043604 | $24733 |
| 2020 | $522650 + $1500000 $2022650 | $24998 |
| 2019 | $235787 + $509819 $745606 | $9480 |
| 2018 | $231164 + $499823 $730987 | $9422 |
| 2017 | $226632 + $490023 $716655 | $9179 |
| 2016 | $222189 + $480415 $702604 | $8967 |
| 2015 | $218852 + $473199 $692051 | $8842 |
| 2014 | $214565 + $463930 $678495 | $8905 |
| 2013 | $213596 + $461834 $675430 | $8895 |
| 2012 | $209408 + $452779 $662187 | $9010 |
| 2010 | $205302 + $443901 $649203 | $8729 |
| 2009 | $204253 + $441631 $645884 | $8423 |
| 2009 | $203768 + $440584 $644352 | $8423 |
| 2008 | $200249 + $432972 $633221 | $8074 |
| 2007 | $196323 + $424483 $620806 | $7815 |
$2195000
TheMLSCLAW
Listing removed 2024-01-23
$0
TheMLSCLAW
Listed 2023-09-25
$2195000
TheMLSCLAW
Listing removed 2023-09-12
$0
TheMLSCLAW
Listed 2023-05-16
$2295000
TheMLSCLAW
Listing removed 2020-06-18
$3300
TheMLSCLAW
Listing removed 2020-05-16
$0
TheMLSCLAW
Price Changed for rent 2020-04-28
$3300
TheMLSCLAW
Price Changed for rent 2020-03-18
$3500
TheMLSCLAW
Price Changed for rent 2020-02-20
$3600
TheMLSCLAW
Listed for rent 2020-02-14
$3750
TheMLSCLAW
Listing removed 2020-02-10
$0
TheMLSCLAW
Price Changed for rent 2020-02-04
$3750
TheMLSCLAW
Listed for rent 2019-11-22
$4000
TheMLSCLAW
Sold 2019-11-20
$2023000
Public Record
Sold 2019-04-24
$975000
Public Record
Sold 2003-12-11
$585000
ITECH
Listed 2003-08-01
$585000
ITECH
Listing removed 2003-05-29
$552500
ITECH
Listing removed 2002-12-24
$442300
ITECH
Listed 2002-10-28
$552500
ITECH
Sold 2002-10-16
$294000
Public Record
Listed 2002-07-26
$442300
ITECH
Listing removed 2002-05-18
$315000
ITECH
Listed 2001-11-17
$315000
ITECH
Listing removed 2001-03-08
$259000
ITECH
Listed 2000-09-07
$259000
ITECH
Listing removed 1999-07-21
$189000
ITECH
Listed 1999-02-08
$189000
ITECH
Year Built: 1921
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 103
Levels or Stories: 2
Building Total Stories: 2
House Style: California Bungalow
Year Built Source: Vendor Enhanced
Architectural Style: California Bungalow
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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.