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2640 Griffith Park Blvd, Los Angeles, CA 90039

Sale Price: $1,310,180
Oct 26, 20241,876 sqft2 beds4 baths
Listed by: Antonia Pennington
License #: 02117673
Phone #: 818-274-4685
Compass
Source:
CRMLS Logo
MLS #: 24454389

Property Description

OFFERS DUE DATE - November, 12th by 5pm! Prime Investment Opportunity in the heart of Silver Lake. Super walkable pocket between Hyperion and Griffith Park Blvd, it does not get better than that!!! What a convenience to have Gelson's, Trader Joe's, Starbucks and tons of other businesses literally in your doorstep. Exceptional walkability makes it easy to meet all daily needs, enhancing the property's appeal. Unlock the potential of this multi-family property, zoned C2 (commercial and residential use), located in the most thriving neighborhood experiencing fast-paced development. This well-maintained Mom & Pops property has been owned by the same family since the 1980s, an increasingly rare find, very few left in this area. The building features three attached units. The spacious front unit offers a residential feel with five rooms and 1.5 baths, highlighted by original hardwood floors and large windows that create a bright atmosphere. Could be easily transformed into a retail space, office space or yoga studio, just to name a few ideas. With multiple access points and a charming front porch, this unit is ready for creative reimagining. The two back units are efficient studio apartments, each with a full kitchen and bath, ensuring privacy and comfort. An attached laundry/water heater room provides additional storage space. Parking is streamlined with five assigned spots in the rear of the building. The front unit is currently vacant, while the two studio apartments will be delivered tenant occupied, making this a strategic investment opportunity. This fixer-upper is primed for an investor ready to capitalise on its potential in a vibrant, fast-growing neighborhood. Public records show 1 bed, 4 bath total, number of actual rooms differs. Please note that the property shares a driveway with LA Family school, one of the best pre-schools in NELA. Seize this exceptional chance to enhance your portfolio! All interior photos shown are for unit #2640 (front unit).
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$22,989

TurboHome Estimated Value

$1,366,300

$728 sqft

High Valuation
$1,434,615
$765/sqft
Normal Valuation
$1,366,300
$728/sqft
Low Valuation
$1,297,985
$692/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$728/sqft$1,366,300

Neighborhood: Silver Lake

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Comparative Value

$1.10M

$1.20M

$1.31M

$1.47M

$1.65M

$1.85M

4325 Gateway Ave, Los Angeles, CA 90029

Sale Price: $1,100,500

Selected Comparable

2640 Griffith Park Blvd, Los Angeles, CA 90039

List Price: $1,200,000

Subject Property

2640 Griffith Park Blvd, Los Angeles, CA 90039

Sale Price: $1,310,180

Selected Comparable

2924 Rowena Ave 10, Los Angeles, CA 90039

Sale Price: $1,465,000

Selected Comparable

1901 Apex Ave, Los Angeles, CA 90039

Sale Price: $1,650,000

Selected Comparable

1817 Lucile Ave, Los Angeles, CA 90026

Sale Price: $1,850,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2640 Griffith Park Blvd, Los Angeles, CA 90039

2640 Griffith Park Blvd, Los Angeles, CA 90039

List: $1,200,000

Listed: 10/26/2024

Area:1,876 sqft
Price/sqft:$640
Beds:2
Baths:4
Year Built:
Lot Size:4,875

Comparable Properties

COMPARABLE
Choose comps
2640 Griffith Park Blvd, Los Angeles, CA 90039

2640 Griffith Park Blvd, Los Angeles, CA 90039

Sale: $1,310,180

12/16/20240.00 mi

Area:1,876 sqft
Price/sqft:$698
Beds:2
Baths:4
Year Built:
Weight:26.4%
4325 Gateway Ave, Los Angeles, CA 90029

4325 Gateway Ave, Los Angeles, CA 90029

Sale: $1,100,500

11/12/20241.06 mi

Area:2,044 sqft
Price/sqft:$538
Beds:2
Baths:3
Year Built:
Weight:19.0%
2924 Rowena Ave 10, Los Angeles, CA 90039

2924 Rowena Ave 10, Los Angeles, CA 90039

Sale: $1,465,000

4/10/20250.23 mi

Area:2,271 sqft
Price/sqft:$645
Beds:3
Baths:4
Year Built:
Weight:18.6%
1901 Apex Ave, Los Angeles, CA 90039

1901 Apex Ave, Los Angeles, CA 90039

Sale: $1,650,000

7/2/20251.16 mi

Area:1,800 sqft
Price/sqft:$917
Beds:3
Baths:3
Year Built:
Weight:18.1%
1817 Lucile Ave, Los Angeles, CA 90026

1817 Lucile Ave, Los Angeles, CA 90026

Sale: $1,850,000

10/9/20240.84 mi

Area:2,210 sqft
Price/sqft:$837
Beds:2
Baths:3
Year Built:
Weight:18.0%

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