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Historic Silver Lake Apartment Building For Sale

By  The Group CRE  ·  2 minute read

LOS ANGELES, CALIFORNIA — Located in Silver Lake, 2300 Bellevue Ave is a 16-unit multifamily property combining 1920s charm with modern upgrades like new electrical, copper plumbing, and a 2020 foundation renovation. Built in 1916, this apartment building offers studio and one-bedroom units in a high-demand rental market. With an assumable 3.74% loan through Chase available until 2026, it’s a prime investment opportunity in one of LA’s most desirable neighborhoods.

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View Listing and Offering Memorandum

 

Investment Details
  • Assumable Loan: 3.74% fixed rate through Chase, available until June 1, 2026

  • Rental Income Potential: High-demand area with consistent occupancy rates

  • Value-Add Opportunity: Potential for rent increases and further property enhancements

  • Low Maintenance Costs: Major infrastructure already upgraded (electrical, plumbing, foundation)

  • High-Rent Neighborhood: Silver Lake offers a strong tenant pool, maximizing return on investment
Property Highlights
  • Year Built: 1916, with preserved historic charm

  • Unit Mix: 16 units (studio and one-bedroom apartments)

  • Modern Upgrades: New electrical system, copper plumbing, gas system, and a renovated foundation (2020)

  • Shared Amenity: Renovated rooftop deck with panoramic city views

  • Utilities: Owner covers water, trash, and common-area electricity; tenants pay separately metered electric bills

  • Prime Location:
    • Proximity to Silver Lake Reservoir, restaurants, and cafes
    • Convenient access to Downtown LA and major freeways

Exclusively listed by The Group CRE, Founder and Managing Broker Taylor Avakian first connected with the owner of 2300 Bellevue Ave, over four years ago.

The connection began with a cold call conversation about the Silver Lake market, and the unique challenges of managing a historic building. The 1920s-era property, though charming, came with its share of hurdles, from costly renovations to navigating city regulations.

Over the years, they maintained consistent communication, with Taylor providing insights on the property's potential and periodic updates on the market without any pressure to sell. When the owner finally decided to sell in 2024, they knew exactly who to call.

The decision to sell was motivated by Los Angeles’ increasingly complex regulatory environment. The owner plans to relocate her investment through a 1031 exchange, focusing on opportunities in more landlord-friendly markets.

The Group CRE is proud to represent 2300 Bellevue Ave, a property that reflects both the owner's hard work and the value of long-term relationships in real estate.

 

2300 Bellevue Ave, Los Angeles, CA - Aerial

2300 Bellevue Ave, Los Angeles, CA - Aerial

2300 Bellevue Ave, Los Angeles, CA - Entry

2300 Bellevue Ave, Los Angeles, CA - Entry

2300 Bellevue Ave, Los Angeles, CA - Rooftop

2300 Bellevue Ave, Los Angeles, CA - Rooftop

 

More Information on 2300 Bellevue Avenue, Los Angeles, CA

2300 Bellevue Ave is a unique investment opportunity in the heart of Silver Lake, offering modern upgrades, consistent rental demand, and historic charm. To learn more or schedule a private showing, contact Taylor Avakian or book a call here. Don’t miss your chance to own this exceptional property in one of LA’s most desirable neighborhoods.

Thinking About Selling Your Apartment Building?

At The Group CRE, we believe in building relationships that last. Whether you’re ready to sell or just exploring your options, we’re here to provide expert advice and market insights—without the pressure. Let’s talk about how we can help you maximize the value of your property. Contact us today to start the conversation.

 

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