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    2659 Glendale Blvd

    Los Angeles, CA 90039
    • $1,200,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 20-597920
    UPDATED: 16 min ago
    $1,200,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,212
      SQFT
    • $542
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    2659 Glendale Blvd is an incredible duplex opportunity located in the heart ofSilverlake, one of Los Angeless most trendy and exciting neighborhoods. Locatedwalking distance from Rowena Ave and Hyperion Ave tenants benefit from being insuch close proximity to shops, cafes, restaurants, nightlife, and markets. Locatedaround the corner from the Silver Lake reservoir tenants can go for a nice run orwalk along the popular destination.The property features a great unit mix of (1) 2+1 and (1) 3+2, allowing for a stronginvestment opportunity with owner-user potential. In addition, one of the tenantsuses the front storage unit as a workspace giving an investor additional income.With frontage on Glendale Blvd, the storage unit is the perfect space to bring inadditional income to the property. Featuring 31% upside in rental income, aninvestor can capture immediate upside due to the desire to be in the neighborhood.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T21:42:34.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107380574
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    2659 Glendale Blvd Los Angeles, CA 90039

    • Price: $1,200,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 20-597920
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,212
    SQFT
    $542
    $/SQFT
    1963
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    2659 Glendale Blvd is an incredible duplex opportunity located in the heart ofSilverlake, one of Los Angeless most trendy and exciting neighborhoods. Locatedwalking distance from Rowena Ave and Hyperion Ave tenants benefit from being insuch close proximity to shops, cafes, restaurants, nightlife, and markets. Locatedaround the corner from the Silver Lake reservoir tenants can go for a nice run orwalk along the popular destination.The property features a great unit mix of (1) 2+1 and (1) 3+2, allowing for a stronginvestment opportunity with owner-user potential. In addition, one of the tenantsuses the front storage unit as a workspace giving an investor additional income.With frontage on Glendale Blvd, the storage unit is the perfect space to bring inadditional income to the property. Featuring 31% upside in rental income, aninvestor can capture immediate upside due to the desire to be in the neighborhood.
    Exterior Features

    Lot Size Area 6098 Other Structures Other Parking Garage DrivewayGarage Total Parking 4

    Interior Features

    Baths Total 3.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 0 Gross Income 57096 Gross Operating Income 60241 Like Units1 1 Like Units2 1 Net Operating Income 41216.00 Number Of Buildings 3 Number Of Units 2 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 19026 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T21:42:34.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355