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    2300 Bellevue Avenue

    Silver Lake, CA 90026
    • $3,750,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: PW21006811
    $3,750,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,270
      SQFT
    • $453
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    The Bellevue is a well-located multifamily investment opportunity nestled in the highly sought-after Silver Lake rental submarket of Los Angeles. The property features 16 units generating solid income with approximately 20% upside in rents from current to market. The units offer clean living spaces with access to a common area roof deck boasting panoramic views of Downtown LA and nearby cityscapes. The property is well-maintained by ownership with numerous capital upgrades made recently.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113202318
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    2300 Bellevue Avenue Silver Lake, CA 90026

    • Price: $3,750,000
    • Status: Active
    • MLS #: PW21006811
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    8,270
    SQFT
    $453
    $/SQFT
    1916
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    The Bellevue is a well-located multifamily investment opportunity nestled in the highly sought-after Silver Lake rental submarket of Los Angeles. The property features 16 units generating solid income with approximately 20% upside in rents from current to market. The units offer clean living spaces with access to a common area roof deck boasting panoramic views of Downtown LA and nearby cityscapes. The property is well-maintained by ownership with numerous capital upgrades made recently.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 3725.00 Gardener Expense 1176.00 Gross Income 0.00 Gross Multiplier 14.60 Gross Operating Income 250330.00 Gross Scheduled Income 257196.00 Insurance Expense 3363.00 Land Lease YN No Laundry YN Yes Licenses Expense 1600.00 Maintenance Expense 11624.00 Net Operating Income 161910.00 New Construction YN No New Taxes Expense 44739.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 88420.00 Pest Control Expense 870.00 Professional Management Expense 7200.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 88420.00 Trash Expense 3605.00 Vacancy Allowance 7716 Water Sewer Expense 8663.00 Water Source Public Year Built Source Public Records Zoning Lar3

    Listing provided courtesy of Everett Wong of Greysteel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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