2300 Bellevue Ave
Multifamily | 16 Units | 3.74% Assumable Debt
Marketing description
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.
Investment highlights
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 6.07% cap rate with potential to grow to 7.58% pro forma, driven by organic rent adjustments.
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