Thank you
Archie Robb
Keller Williams Realty La Canada Flintridge
818-790-0048
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 spacious 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 for 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 just a short distance away, with DTLA, Los Feliz, and Hollywood 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.
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Total Bedrooms : 6
Total Baths: 7
Full Baths: 0
Half Baths: 0
Interior Features: Ceiling Fan(s)
Property Appliances: Dishwasher,Refrigerator
Flooring: Tile,Wood
Wall Furnace
Has Heating
Year Built: 1921
Building Area Total: 2,458
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1102
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4800
Original List Price: 2,195,000
Listing Contract Date: 2024-04-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5438002006
Garage Description: Door-Single,Garage
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 4036
Directions: Google Maps.
Zoning: LAR2
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property Age: 103
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2458
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3615 Edenhurst Avenue, Los Angeles, CA,90039 | $1,725,000 | 2 | -- | 1,420 | 3567 Sqft |
1919 Rosebud Avenue, Los Angeles, CA,90039 | $350,000 | -- | -- | -- | 10205 Sqft |
4031 Sequoia Street, Los Angeles, CA,90039 | $1,089,500 | 4 | -- | 2,340 | 7370 Sqft |
2803 Denby Avenue, Los Angeles, CA,90039 | $925,000 | 2 | 2 | 1,029 | 4324 Sqft |
2250 Duane, Los Angeles, CA,90039 | $1,680,000 | -- | -- | 3,236 | 7784 Sqft |
2635 Adelbert Avenue, Los Angeles, CA,90039 | $2,249,000 | 4 | 3 | 2,614 | 2465 Sqft |
1916 Whitmore Avenue, Los Angeles, CA,90039 | $750,000 | 1 | 1 | 544 | 3671 Sqft |
2286 Silver Ridge Avenue, Los Angeles, CA,90039 | $425,000 | -- | -- | -- | 7341 Sqft |
2909 N Coolidge Avenue, Los Angeles, CA,90039 | $2,980,000 | -- | -- | 3,580 | 5187 Sqft |
1 Edendale Place, Los Angeles, CA,90039 | $285,000 | -- | -- | -- | 4811 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 06:14
MLS: 24380751
LISTED BY: Archie Robb, Keller Williams Realty La Canada Flintridge
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.