2641 Riverside Terrace

Los Angeles, CA 90039

$2,195,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $893 / sqft

1921

calendar_month Built

Property Description

KW Commercial proudly presents 2641 Riverside Terrace, an exquisite bungalow-style apartment community comprising six units, ideally situated in the highly sought-after Silver Lake neighborhood of Los Angeles. This unique property offers a diverse unit mix, including a spacious 3-bedroom/2-bathroom unit, three comfortable 1- bedroom units, and two charming single units. Parking is provided with three 1-car garages. Each unit in this meticulously maintained building showcases a distinctive layout and design, seamlessly blending vintage charm with modern amenities. These units feature updated kitchens equipped with stainless steel appliances, and stylish bathrooms. The inclusion of mini split air conditioning units ensures highly efficient heating and cooling in each unit. A standout feature of this property is the private enclosed outdoor spaces, offering tenants a tranquil retreat for relaxation and entertainment. Sitting on a 4,800 square foot lot, this 1921 property underwent a comprehensive renovation in 2020, both inside and out. The renovation included new flooring, kitchens, bathrooms, tile work, hardscaping, stucco, and more, ensuring a modern living experience while preserving its timeless charm. The property is situated in Silver Lake, surrounded by cafes, entertainment venues, and lifestyle amenities such as Intelligentsia, Erewhon, Edendale, Forage, Michelangelo Ristorante, Ivanhoe Restaurant, Burgers Never Say Die, Cafe Stella, Whole Foods, and Trader Joes. Countless dining and shopping options are just a short distance away, with DTLA, Los Feliz, and Hollywood a short drive away. Electrical utilities are separately metered and paid by the tenants, while water and gas expenses are covered by the owner. Given its prime location and robust income metrics, 2641 Riverside Terrace presents an ideal investment opportunity for apartment operators seeking immediate returns and long-term wealth preservation, with the potential for future rental income growth.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Wood, Tile
Interior Information
Features Ceiling Fan(s)

Listing Information

Address 2641 Riverside Terrace
City Los Angeles
State CA
Zip 90039
County Los Angeles
Listing Agent Archie Robb DRE#02002291
Co-Listing Agent Rich Johns DRE#01432215
Courtesy Of Keller Williams Realty La Canada Flintridge
MLS 24380751
List Price $2,195,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 4,800
Year Built 1921
DOM 8

Exterior Information

Maps

Listing information courtesy of: Archie Robb, Rich Johns, Keller Williams Realty La Canada Flintridge . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 24th, 2024 at 5:15 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.