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2300 Bellevue Ave 16 Unit Apartment Building $4,073,321 CAD ($254,583 CAD/Unit) 6.07% Cap Rate Los Angeles, CA 90026
Executive Summary
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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- Offering Memorandum
Property Facts
| Price | $4,073,321 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $254,583 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.07% | Building Size | 8,270 SF |
| Gross Rent Multiplier | 9.9 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1916 |
| Property Subtype | Apartment | ||
| Zoning | R3-1VL | ||
| Price | $4,073,321 CAD |
| Price Per Unit | $254,583 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Gross Rent Multiplier | 9.9 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,270 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1916 |
| Zoning | R3-1VL |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Range
- Views
- Wi-Fi
- Deck
Site Amenities
- Controlled Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Gated
- Video Patrol
- Recycling
- Community-Wide WiFi
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,973 CAD | 485 - 650 |
| 1+1 | 4 | $2,655 CAD | 625 - 800 |
Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5402-024-005 | Improvements Assessment | $1,116,894 CAD |
| Land Assessment | $1,555,277 CAD | Total Assessment | $2,672,171 CAD |
Property Taxes
Parcel Number
5402-024-005
Land Assessment
$1,555,277 CAD
Improvements Assessment
$1,116,894 CAD
Total Assessment
$2,672,171 CAD
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2300 Bellevue Ave
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