2297 Glendale Blvd - Multi-Family FOR SALE


Los Angeles, CA 90039- Silver Lake
$999,999 USD
310-406-9110
2297 Glendale Blvd, Los Angeles, CA for Sale
$999,999 USD
Multi-Family - FOR SALE
1/28
null | 5.93% Cap Rate

2297 Glendale Blvd
Los Angeles, CA 90039
Silver Lake


HIGHLIGHTS

  • 2 Vacant Detached Renovated Homes in Silver Lake
  • R3 Lot (7,374 SF) - Develop up to 9 Units by-Right
  • ADU Potential - Develop 2 Detached ADU's and 2 Junior ADU
  • Owner/User | Investor | Developer Potential
  • Incredible Silver Lake Location

OVERVIEW

2299 Glendale Boulevard is a charming two-unit income property located in the heart of Los Angeles’ vibrant Silver Lake/Atwater Village corridor. The property features two detached residences situated on a 7,374 square foot R3-zoned lot, offering both immediate rental income and exceptional long-term development potential. The front residence, built in 1941, is an 832 square foot 2-bedroom, 1-bath bungalow with classic early-20th-century character and strong curb appeal. The rear residence, constructed in 1924, is a 540 square foot 1-bedroom, 1-bath home positioned privately toward the back of the lot. Both units are fully detached, providing desirable separation and livability for tenants or owner-occupants. A detached garage sits at the rear of the property, offering immediate potential for an ADU conversion, while the expansive lot accommodates surface parking for up to six vehicles—a rare amenity in this submarket. The R3 zoning and generous lot depth create a compelling opportunity for investors seeking value-add upside through additional ADUs or future redevelopment. With its central location, flexible zoning, and multiple paths for income growth, 2299 Glendale Boulevard represents a unique offering in one of Los Angeles’ most supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$729 USD /SF

# OF UNITS

2

PRICE/UNIT

$500,000

CAP RATE

5.93%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Lake | 2 Vacant Homes | R3 Lot

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

5

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

5439-001-018

ASK ABOUT THIS PROPERTY

Tim SteuernolNAI CapitalMore Info
310-406-9110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tim SteuernolNAI CapitalMore Info
310-406-9110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.