2300 Bellevue Ave
16 Unit Apartment Building $4,311,580 CAD ($269,474 CAD/Unit) 5.86% Cap Rate Los Angeles, CA 90026
INVESTMENT HIGHLIGHTS
- Construction: Spanish-style architecture with modernized interiors
- New Fully Upgraded Systems
- Renovated Rooftop Deck
EXECUTIVE SUMMARY
2300 Bellevue Avenue is a historic and well-maintained 16-unit apartment building located in the heart of Silver Lake, one of Los Angeles' most desirable neighborhoods. Constructed in 1916, this multi-family property offers 8,270 square feet of total living space spread across a 5,005-square-foot lot. The building features a balanced mix of 12 studios and 4 one-bedroom apartments, providing flexibility for renters and maximizing income potential. The property is zoned LAR3, allowing multi-family residential use, making it ideal for investors seeking reliable rental income in an in-demand market.
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With a blend of classic architecture and modern upgrades, 2300 Bellevue Avenue offers a unique investment opportunity in Los Angeles real estate, appealing to a wide array of tenants drawn to the area’s vibrant community and urban amenities.
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Key Property Details
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Location: 2300 Bellevue Ave, Los Angeles, CA 90026
Lot Size: 5,005 square feet
Total Living Area: 8,270 square feet
Units: 16 (12 studios, 4 one-bedroom apartments)
Construction: Reinforced foundation with updated building systems
Year Built: 1916
Zoning: LAR3 (multi-family residential zoning for flexibility in tenant use)
?
With a blend of classic architecture and modern upgrades, 2300 Bellevue Avenue offers a unique investment opportunity in Los Angeles real estate, appealing to a wide array of tenants drawn to the area’s vibrant community and urban amenities.
?
Key Property Details
?
Location: 2300 Bellevue Ave, Los Angeles, CA 90026
Lot Size: 5,005 square feet
Total Living Area: 8,270 square feet
Units: 16 (12 studios, 4 one-bedroom apartments)
Construction: Reinforced foundation with updated building systems
Year Built: 1916
Zoning: LAR3 (multi-family residential zoning for flexibility in tenant use)
PROPERTY FACTS
| Price | $4,311,580 CAD |
| Price Per Unit | $269,474 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,270 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1916/2019 |
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Range
- Views
- Wi-Fi
- Deck
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Gated
- Video Patrol
- Recycling
- Community-Wide WiFi
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 500 |
| 1+1 | 4 | - | 625 |
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5402-024-005 | Improvements Assessment | $1,149,448 CAD |
| Land Assessment | $1,600,610 CAD | Total Assessment | $2,750,058 CAD |
ZONING
| Zoning Code | R3-1VL |
