3601-3603 Bellevue Ave - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$1,500,000 USD
310-872-8004
3601-3603 Bellevue Ave, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

3601-3603 Bellevue Ave
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Prime Location in Los Angeles' "Trendiest Neighborhood" - Forbes Magazine
  • First Time for Sale in 24 Years
  • Phenomenal Unit Mix: Two 1bed/1bath and Two 2bed/1bath Units
  • Three Separate Structures: Craftsman House, Spanish Colonial Revival Duplex, and Four Private Parking Garages
  • Immediate Upside Potential with ADU Opportunity
  • Perfect for Owner Occupiers, Savvy Value-Add Investors, and First Time Buyers

OVERVIEW

Jones Lang LaSalle, as exclusive advisor, is pleased to present for sale the Bellevue Apartments ("The Property"). Available for purchase for the first time in 24 years, Bellevue presents a rare opportunity to acquire a value-add, fourplex asset in one of Silver Lake's trendiest neighborhoods near Sunset Junction. The Bellevue Apartments sits on a large 7,500 SF corner lot and comprises of three separate structures totaling four units that are an equal mix of large one-bedroom and two-bedroom units. The front house is a single-story, "Craftsman House" duplex with a gated yard and private amenities. The middle, four car garage provides ample parking for each unit, and is the perfect candidate to either convert into an accessory dwelling unit (ADU) for immediate upside potential, or with current height restrictions allowing, build a new ADU on top to save the parking. The rear structure is a two-story, Spanish Colonial Revival duplex with private, direct access to each unit. This investment opportunity is perfect for both savvy, value-add real estate investors as well as first time buyers entering the market, or owner occupiers hoping to offset their mortgage through collecting rent from tenants.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

LAR3

APN/PARCEL ID

5401-004-016

ASK ABOUT THIS PROPERTY

310-872-8004

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310-872-8004

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