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2631 Glendale Blvd, Los Angeles, CA 90039
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2631 Glendale Blvd Los Angeles, CA 90039

$2,350,000 Sold Price as of 06/07/2023
  • 16 Beds
  • 8 Baths
  • 6,980 Sq.Ft.
Sold
$2,350,000 Sold Price as of 06/07/2023 Refinance Your Mortgage
Map preview of 2631 Glendale Blvd, Los Angeles, CA 90039

Property Overview: 2631 Glendale Blvd Los Angeles, CA has 16 bedrooms, 8 bathrooms, 6,980 living square feet and 14,818 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The sale includes the adjacent fourplex located at 2637 Glendale Blvd. 2631 Glendale Blvd (APN: 5439-009-003) and 2637 Glendale Blvd (APN: 5439-009-004) are two side-by-side fourplexes in Silver Lake being offered for sale together as one transaction. The offering provides investors a unique opportunity to acquire eight units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 2631 and 2637 Glendale Blvd are ideally located in Silver Lake and walkable to many neighborhood hotspots. It features an ideal unit composition of eight large Two (2) Two-Bedroom | One-Bathroom units. The units are large in size and average nearly 900 square feet each. The units offer many original details featured in 1940s construction such as original hardwood floors, ample windows, many original built-ins, and a separate room for an in-unit washer/dryer. As a bonus, there are currently two vacant units allowing the next owner to optimize and rent for market value. Units are accessed through a quiet, open-air courtyard; each unit features front and rear access and exit. In all, 2631 and 2637 Glendale Blvd feature 6,980 SF of improvements on a collective 14,818 square feet of land, zoned LAR2. The property is fully parked with a total of 8 parking spaces. Gas and electrical utilities are separately metered.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 11 minutes ago | Last updated: June 13th, 2023 | Source CRMLS | DOM: 287

Home details

Lot Sq. Ft
14,818
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22192663
City
Los Angeles
County
Los Angeles
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,884
  • Total Rent: $15,075
  • Pro Forma/Market Rent: $22,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.8
  • Gross Scheduled Income: --
  • Net Operating Income: $121,044
  • Gross Operating Income: $177,276
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2631 Glendale Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 8
  • Parcel Number: 5439009003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Great Location on Glendale Blvd in Silver Lake
View more facts & features

Local Los Angeles Agent

Sale History for 2631 Glendale Blvd

Last sold for $2,350,000 on June 7th, 2023

  • June, 2023

  • Jun 7, 2023

    Date

    Sold

    CRMLS: 22192663

    $2,350,000

    Price

  • Aug 23, 2022

    Date

    Active

    CRMLS: 22192663

    $3,050,000

    Price

  • May, 2020

  • May 28, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2631 Glendale Blvd

Assessed Value (2020): $289,174
Year Land Value Improved Value Assessed Value
2020 $196,357 $92,817 $289,174

Home Value Compared to the Market

This property vs the competition

2631 Glendale Blvd sold on June 7, 2023 for 172.32% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $436.96 per/sqft which puts the price per square foot 39.65% lower than the current median sale per square foot for the city of Los Angeles.

About 2631 Glendale Blvd

Detailed summary of property

2631 Glendale Blvd is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 6,980 living square feet, and sits on an approximately 14,818 square foot lot. 2631 Glendale Blvd was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $2,350,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 172.32% higher than the current median priced home. Local homes that are currently for sale include 1427 Laveta, 4534 Kingswell Ave and 3650 Eagle Rock Blvd. While the average home in Los Angeles, CA is selling in 106 days, 2631 Glendale Blvd has a days on market of 287 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2631 Glendale Blvd Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2631 Glendale Blvd

Public county record property details
Beds
8
Baths
4
Year built
1947
Sq. Ft.
3,490
Lot Size
7,097
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5439-009-003

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,688,880
Median List Price/Sq.Ft.
$942
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

Thinking of Selling?

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(714) 706-1823

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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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