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2313 Glendale Boulevard

Los Angeles, CA 90039
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Bed 6

Bed

Bath 6

Bath

SqFt7,378

Sqft(Lot)

*6.25% CAP RATE! Discover an exceptional investment & development opportunity in the heart of Silver Lake with this rare SIX-UNIT income property ideally positioned just moments from the Silver Lake Reservoir, meadow trails, dog park, and some of Los Angeles' most sought-after dining, shopping, and entertainment destinations. Located on a lush, oversized lot surrounded by mature avocado, fig, and lime trees, this property offers a unique blend of strong in-place cash flow, long-term appreciation potential, and future development upside in one of LA's most desirable rental markets. The property currently generates approximately $12,929 per month ($155,148 annually) in gross rental income and features six separately metered units, simplifying management and maximizing operational efficiency. Recent improvements include dual-pane energy-efficient windows throughout, while seven on-site parking spaces—five covered carports and two additional uncovered spaces—provide a highly desirable amenity rarely found in such a prime urban location. The upper rear unit enjoys pocket views of the Silver Lake Reservoir area and the iconic Griffith Observatory, further enhancing tenant appeal. ZONED R3, this property presents a compelling opportunity for investors seeking both immediate income and future value creation. Preliminary development potential may allow for the addition of up to six more units, creating the possibility of expanding the property to a 12-unit asset (buyer to independently verify all development potential with applicable governmental agencies). Whether held as a long-term income-producing investment, repositioned for increased rents, or explored as a future development project, the possibilities are significant. The location is truly outstanding. Enjoy convenient access to Downtown Los Angeles, Dodger Stadium, Griffith Park, and the very best of Silver Lake's renowned lifestyle amenities, including Whole Foods, Gelson's, Trader Joe's, Silverlake Wine, and the legendary Red Lion Tavern. Opportunities to acquire a cash-flowing six-unit property with meaningful development potential in Silver Lake are increasingly rare. This is a chance to secure a premier asset in one of Southern California's most dynamic and supply-constrained neighborhoods. Schedule your private showing today and explore the possibilities this unique property has to offer.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,650,000

AD Id : 87069446

MLS Id : SR26141627

Beds : 6

Lot Size : 7,378 Sqft

Year Built : 1923

Garage : 5

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1923
    Building Area Total: 3954
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7378 Lot Size Acres: 0.1694 Lot Size Source: Assessor Lot Size Square Feet: 7,378 Lot Description: FrontYard,Garden,NearPublicTransit

  • Listing Price Information

    Listing Price: $1650000
    Original Price: $1725000
    Cash, CashToNewLoan, Conventional

  • Tax Information

    Parcel Number: 5439001014 Tax Lot: 48

  • Parking Information

    Parking Total: 5 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 5

  • Location Information

    Direction: Exit Fletcher from the 5 frwy then continue on Fletcher to Glendale Blvd. WaterSource: Public
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Nearby Home Value

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2746 Benedict Street, Los Angeles, CA, 90039 $1,050,000 2 1 932 932 SqFt
2723 Pirtle Street, Los Angeles, CA, 90039 $1,050,000 2 1 560 560 SqFt
2724 Queen Street, Los Angeles, CA, 90039 $1,050,000 2 1 720 720 SqFt
2754 Knox Avenue, Los Angeles, CA, 90039 $998,000 3 -- 1,732 1,732 SqFt
2651 N Rich St, Los Angeles, CA, 90039 $1,349,000 4 3 2,235 2,235 SqFt
2660 Newell Street, Los Angeles, CA, 90039 $875,000 5 3 2,064 2,064 SqFt
2660 Newell Street, Los Angeles, CA, 90039 $875,000 5 3 2,064 2,064 SqFt
2751 Partridge Avenue, Los Angeles, CA, 90039 $1,499,000 -- -- 3,388 3,388 SqFt
3338 Perlita Avenue, Los Angeles, CA, 90039 $2,185,000 4 2 2,036 2,036 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/20/2026 @ 19:19

MLS: SR26141627 LISTED BY: David Sevanian, Keller Williams VIP Properties 661-290-3700 SOURCE: CRMLS

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