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2330 Silver Ridge Ave 2 Unit Apartment Building $2,056,851 CAD ($1,028,425 CAD/Unit) 7.03% Cap Rate Los Angeles, CA 90039
Executive Summary
Perched in Silver Lake with soaring views, this midcentury duplex by Allyn E. Morris circa 1964 is a compelling owner-investor opportunity with one unit delivered vacant. Arranged side by side, both residences have been updated and span three levels, with walls of glass bringing in abundant natural light. The main levels present an open layout with multiple balconies to enjoy the stunning panoramic vistas. Both kitchens are appointed with granite countertops, wood cabinetry, and Bosch and LG stainless appliances, and hardwood floors run throughout. Each residence includes a lower-level primary suite with a large shower and tub, hallway laundry, and generous closet storage; two additional bedrooms occupy the upper level, both opening to balconies. Amenities include central AC and a carport. Head down the hill to Whole Foods, Gingergrass, Constellation Coffee, the Silver Lake Library, and the Silver Lake Reservoir.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,056,851 CAD | Apartment Style | Townhome |
| Price Per Unit | $1,028,425 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 2,618 SF |
| Cap Rate | 7.03% | Average Occupancy | 50% |
| Gross Rent Multiplier | 10.64 | No. Stories | 3 |
| No. Units | 2 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 0.76/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2-1VL | ||
| Price | $2,056,851 CAD |
| Price Per Unit | $1,028,425 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 10.64 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.09 AC |
| Building Size | 2,618 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | R2-1VL |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Carpet
- Deck
- Skylights
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,308 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5440-022-023 | Improvements Assessment | $414,461 CAD (2025) |
| Land Assessment | $1,125,765 CAD (2025) | Total Assessment | $1,540,227 CAD (2025) |
Property Taxes
Parcel Number
5440-022-023
Land Assessment
$1,125,765 CAD (2025)
Improvements Assessment
$414,461 CAD (2025)
Total Assessment
$1,540,227 CAD (2025)
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2330 Silver Ridge Ave
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