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2506 W Sunset Blvd, Los Angeles, CA 90026
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2506 W Sunset Blvd Los Angeles, CA 90026

$3,950,000
  • 4 Beds
  • 7 Baths
  • 9,375 Sq.Ft.
For Sale
$3,950,000 Get Pre-Qualified
Map preview of 2506 W Sunset Blvd, Los Angeles, CA 90026

Property Overview: 2506 W Sunset Blvd Los Angeles, CA has 4 bedrooms, 7 bathrooms, 9,375 living square feet and 5,694 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present for sale this rare Mixed-Use investment opportunity in one of LA's hottest locations Silver Lake! Offered for sale for the first time in 40 Years and strategically located on famous Sunset Boulevard, 2506 W Sunset is a 9,375 SF stunning brick building built in 1924. It is composed of (3) Ground Floor Retail Units and (7) Apartment Units on the 2nd Floor, with (3) Expansive Storage Units, poised for an ADU(s) (Buyer to Verify Feasibility). The property is situated on lot size of 5,700 SF, Zoned (Q) C2-1VL, Tier 3 TOC with 50 Foot Frontage and 35K CPD on Sunset Blvd, with Alley Access off Coronado Street with (8) Parking Spaces at the rear of the lot.2506 W Sunset Blvd is considered "Walkers Paradise" with a walk score of (92), where daily errands do not require a car.DO NOT DISTURB TENANTS. All Offers must be submitted on CAR form CPA with current proof of funds, schedule of real estate, and pre-approval if applicable. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, and the ability to construct ADU(s) or additional units. Do Not Walk on Property or Disturb Tenants.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Co-listed by Patrick Dilanian | BRE #01823895 | Remax Commercial and Investment Realty
Last checked: 3 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
5,694
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24386967
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,102
  • Total Rent: $4,407
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $748
  • Total Rent: $5,850
  • Pro Forma/Market Rent: $2,244
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $15,200
  • Pro Forma/Market Rent: $10,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $142,408
  • Gross Operating Income: $217,812
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2506 W Sunset Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Concrete
Property Information
  • Total # of Units: 10
  • Parcel Number: 5402014022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Sunset Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 2506 W Sunset Blvd

View property's historical transactions

  • May, 2024

  • May 1, 2024

    Date

    Active

    CRMLS: 24386967

    $3,950,000

    Price

Tax History for 2506 W Sunset Blvd

Assessed Value (2020): $502,581
Year Land Value Improved Value Assessed Value
2020 $276,312 $226,269 $502,581

Home Value Compared to the Market

This property vs the competition

2506 W Sunset Blvd is listed 216.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $421.33 per/sqft which puts the price per square foot 45.56% lower than the median price per square foot for the city of Los Angeles.

About 2506 W Sunset Blvd

Detailed summary of property

2506 W Sunset Blvd is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 4 bedrooms, 7 bathrooms, roughly 9,375 living square feet, and sits on an approximately 5,694 square foot lot. 2506 W Sunset Blvd was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $3,950,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 216.25% higher than the median priced home. Local competing homes currently for sale include 1244 Innes Ave, 1542 N Hoover St and 1542 N Hoover St. While the average home in Los Angeles, CA is selling in 94 days, 2506 W Sunset Blvd has a days on market of 15 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2506 W Sunset Blvd Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2506 W Sunset Blvd

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
8,000
Lot Size
5,696
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
57
APN
5402-014-022

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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