2300 Bellevue Ave, Los Angeles, CA 90026

Property Overview

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2300 Bellevue Ave is a sixteen-unit multifamily investment located in the heart of Silver Lake, one of Los Angeles’ most desirable rental markets. The property offers investors stable income with meaningful upside through rent adjustments, operational efficiencies, and long-term appreciation. Built in 1916, the 8,270 SF building features a mix of (12) studio units and (4) one-bedroom/one-bath units, many with updated interiors and access to a renovated rooftop deck offering panoramic city views. Recent capital improvements—including new electrical, copper plumbing, gas lines, and a foundation retrofit completed in 2020—ensure reduced maintenance and modern operational reliability. Investors can also assume the existing 3.74% fixed-rate loan through June 2026, providing a rare low-cost financing opportunity that enhances cash flow from day one.

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Key Property Details

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• Location: 2300 Bellevue Ave, Los Angeles, CA 90026
• Lot Size: 5,005 square feet
• Total Building Area: 8,270 square feet
• Units: 16 (12 × Studios, 4 × 1BR/1BA)
• Zoning: LAR3-1VL
• Year Built: 1916
• Parking: None (street parking available)
• Rent Control: Yes
• Utilities: Separately metered electric; owner pays water, trash, and common area electric

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Investment Highlights

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• Prime Silver Lake Location: Situated just minutes from Sunset Junction, Echo Park, and Downtown LA—an area with strong renter demand and limited supply.
• Assumable Low-Rate Loan: Take advantage of a 3.74% fixed loan through June 2026, a rare financing edge in today’s higher-rate environment.
• Modernized Systems: Recently upgraded electrical, plumbing, gas lines, and a 2020 foundation retrofit minimize future capital expenses.
• Rooftop Deck Amenity: Renovated communal rooftop space with sweeping views adds lifestyle appeal and supports premium rents.
• Operational Simplicity: Owner-paid utilities with separate electric metering streamline management and tenant accountability.
• Strong Rent Growth Potential: Current in-place rents average ~$1,579/month vs. market rents exceeding $1,830/month, providing over 20% income upside.
• Stable Cash Flow: Currently achieving a 5.83% cap rate with potential to grow to 7.29% pro forma, driven by organic rent adjustments.

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Neighborhood and Accessibility

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Located in Silver Lake, one of LA’s trendiest submarkets, 2300 Bellevue Ave benefits from high walkability and proximity to entertainment, dining, and employment hubs. The property sits near Sunset Boulevard, offering access to popular local amenities, cafes, and nightlife while maintaining a quiet residential setting. Downtown Los Angeles, Echo Park, and major freeways (US-101 and I-5) are minutes away, ensuring excellent commuter access. The area’s strong tenant base, creative community, and ongoing infrastructure improvements position this asset for continued rent growth and long-term value appreciation.

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Market Trends and Financial Potential

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• Current Occupancy: Fully occupied (16 of 16 units leased)
• Current Cap Rate: 5.83%
• Pro Forma Cap Rate: 7.29%
• Price Per Unit (PPU): $193,750
• Price Per SF (PPSF): $374.85
• GRM: 10.23 (current) / 8.79 (pro forma)
• Annualized NOI: $180,767 (current) / $226,133 (pro forma)

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl