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Prime Silver Lake Value Add Opportunity 2531 Elsinore St 5 Unit Apartment Building $1,757,032 CAD ($351,406 CAD/Unit) 6.18% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Prime Silver Lake Location
- Three Separate Buildings: Two Duplexes + One Detached Cottage
- Classic Vintage Charm with Functional Layouts
- Five Units of which there are Four Charming 1 Bed / 1 Bath Units (~600 SF Each)
- In-Unit Washer & Dryer Hookups
Executive Summary
2531 Elsinore St is a rare opportunity to acquire a charming multifamily property in the heart of Silver Lake, one of Los Angeles’ most desirable rental submarkets. The property features five well-designed 1-bedroom, 1-bath residences, including four units of approximately 600 square feet and one detached cottage. The units are thoughtfully distributed across three separate buildings - two duplexes and a detached cottage - creating a unique, low-density layout that offers residents enhanced privacy and a neighborhood feel. Each unit includes washer and dryer hookups, an amenity that enhances tenant convenience and long-term rental appeal. Blending classic architectural character with functional living spaces, the property is ideally positioned to attract quality tenants seeking the vibrant Silver Lake lifestyle. Located just minutes from Sunset Junction, Silver Lake Reservoir, Echo Park, and an array of popular restaurants, cafés, and boutiques, the asset benefits from exceptional rental demand, a premier location, and strong long-term investment potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$108,150
|
$33.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $108,150 |
| Annual Per SF | $33.84 |
Property Facts
| Price | $1,757,032 CAD | Property Subtype | Apartment |
| Price Per Unit | $351,406 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.18% | Building Size | 3,196 SF |
| Gross Rent Multiplier | 10.62 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Zoning | LAR2 - Restricted Density Multiple Dwelling | ||
| Price | $1,757,032 CAD |
| Price Per Unit | $351,406 CAD |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 10.62 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,196 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | LAR2 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,512 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5402-016-004 | Improvements Assessment | $28,081 CAD |
| Land Assessment | $381,760 CAD | Total Assessment | $409,841 CAD |
Property Taxes
Parcel Number
5402-016-004
Land Assessment
$381,760 CAD
Improvements Assessment
$28,081 CAD
Total Assessment
$409,841 CAD
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Prime Silver Lake Value Add Opportunity | 2531 Elsinore St
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