2631 Glendale Boulevard

Description

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.