2300 Bellevue AveLos Angeles, CA 90026

This 16-unit apartment building in desirable Silver Lake, Los Angeles offers a compelling investment opportunity. Built in 1916 and boasting 8,270 square feet on a 5,005 square foot lot, the property features a mix of studio and one-bedroom apartments, ensuring consistent rental demand. Recent upgrades include a complete electrical system replacement, new copper plumbing and gas lines, enhancing both safety and efficiency. A significant foundation renovation was completed in 2020, guaranteeing long-term structural integrity, complemented by a renovated rooftop deck (2014) offering panoramic views. Each unit benefits from individual electric metering, simplifying utility management. The owner currently covers water, trash, and common area electricity, minimizing tenant expenses. The property generates a strong Net Operating Income (NOI) of $173,867, representing a 5.27% cap rate and a pro-forma cap rate of 7.00%. An attractive assumable loan from Chase, with a 3.74% interest rate, is available until June 1, 2026. Located near major freeways and surrounded by popular restaurants, cultural attractions, and entertainment venues, this property presents a rare blend of historic charm and modern upgrades, making it an exceptional investment in the thriving Los Angeles market. The property is zoned LAR3-1VL and has an asking price of $3,300,000, or $206,250 per unit, and a price per square foot of $399.03. The Los Angeles County Assessor's Parcel Number (APN) is 5402-024-005.