2640 Griffith Park Boulevard

Los Angeles, CA 90039

$1,200,000
Price
2
Beds
4
Baths
1,876 Sq. Ft.
$640 / Sq. Ft.
1,876
Sq. Ft.
$640
per Sq. Ft.

Description

OFFERS DUE DATE - November, 12th by 5pm! Prime Investment Opportunity in the heart of Silver Lake. Super walkable pocket between Hyperion and Griffith Park Blvd, it does not get better than that!!! What a convenience to have Gelson's, Trader Joe's, Starbucks and tons of other businesses literally in your doorstep. Exceptional walkability makes it easy to meet all daily needs, enhancing the property's appeal. Unlock the potential of this multi-family property, zoned C2 (commercial and residential...OFFERS DUE DATE - November, 12th by 5pm! Prime Investment Opportunity in the heart of Silver Lake. Super walkable pocket between Hyperion and Griffith Park Blvd, it does not get better than that!!! What a convenience to have Gelson's, Trader Joe's, Starbucks and tons of other businesses literally in your doorstep. Exceptional walkability makes it easy to meet all daily needs, enhancing the property's appeal. Unlock the potential of this multi-family property, zoned C2 (commercial and residential use), located in the most thriving neighborhood experiencing fast-paced development. This well-maintained Mom & Pops property has been owned by the same family since the 1980s, an increasingly rare find, very few left in this area. The building features three attached units. The spacious front unit offers a residential feel with five rooms and 1.5 baths, highlighted by original hardwood floors and large windows that create a bright atmosphere. Could be easily transformed into a retail space, office space or yoga studio, just to name a few ideas. With multiple access points and a charming front porch, this unit is ready for creative reimagining. The two back units are efficient studio apartments, each with a full kitchen and bath, ensuring privacy and comfort. An attached laundry/water heater room provides additional storage space. Parking is streamlined with five assigned spots in the rear of the building. The front unit is currently vacant, while the two studio apartments will be delivered tenant occupied, making this a strategic investment opportunity. This fixer-upper is primed for an investor ready to capitalise on its potential in a vibrant, fast-growing neighborhood. Public records show 1 bed, 4 bath total, number of actual rooms differs. Please note that the property shares a driveway with LA Family school, one of the best pre-schools in NELA. Seize this exceptional chance to enhance your portfolio! All interior photos shown are for unit #2640 (front unit).

Property Details for 2640 Griffith Park Boulevard

Water Front
None
Zoning
LAC2
Style
Bungalow
Parcel Number
5434037008
Total Units
3.0
Living Area
1876
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
LISTING UPDATED: 11/19/2024 11:35 AM

Property Details for 2640 Griffith Park Boulevard

StatusActive Under Contract
MLS #24-454389
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.11 AC / 4,875 SF
CountyLos Angeles County

Building Information for 2640 Griffith Park Boulevard

Stories1Residences-Year Built1957Building Size-Lot Size0.11 AC / 4,875 SF

Property Information for 2640 Griffith Park Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: apartment
  • View: No
  • View Description: None
  • View: None
  • Property Condition: Fixer
  • Water: Meter on Property
  • Sewer: In Street Paid, In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $27,264
  • Net Operating Income: $17,264.00
  • Gross Income: $27,264
  • Gross Rent Multiplier: $44.44
  • Actual Annual Gross Rent: $2,272.00
  • Actual Rent Total: $2,272.00
  • Owner Pays: Gardener
  • Total Annual Expense: 10000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1119
  • Lot Size Square Feet: 4875
  • Lot Description: Single Lot
  • Lot Location: Near Public Transit
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Assigned
Interior Features
Interior Features
  • Room Type: Den, Office, Living Room
  • Rooms: Studio, Den, Office, Living Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Wall Unit(s), Ceiling Fan, Window Unit(s), Central
  • Heating: Central
  • Heating Type: Central, Wall Gas
  • Flooring: Laminate, Vinyl, Wood, Mixed
  • Equipment: Ceiling Fan
  • Interior Features: Common Walls
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Counter Top, Tile Counters
  • Room Bathroom Features: Tile Counters
  • Bathroom Features: Tile, Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Gas, Range
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Porch - Front
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-26-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,272.00
  • Unit Actual Rent: $1,272.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Wall AC: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $122,897.00
  • Assessed Improvement Percent: 39.58
  • Assessed Land Value: $187,642.00
  • Assessed Land Percent: 60.42
  • Assessed Total Value: $310,539.00

Property History for 2640 Griffith Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2640 Griffith Park Boulevard

Taxable ValueLand$191,394Additions$125,694Total$317,088
Tax Record2024$4,137 ($345 / month)
Home Facts
Total Finished SqFt1,876 SqFtAbove Grade Finished SqFt1,876 SqFtLot Size4,888 SqFtStyleTriplexYear Built1957ZoningLAC2CountyLOS ANGELESAPN5434-037-008

Schools near 2640 Griffith Park Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Ivanhoe Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Antonia Pennington, DRE #02117673

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.