2506 Sunset Boulevard

Los Angeles, CA 90026

$3,950,000
Price
4
Beds
7
Baths
9,375 Sq. Ft.
$421 / Sq. Ft.
9,375
Sq. Ft.
$421
per Sq. Ft.

Description

We are pleased to present for sale this rare Mixed-Use investment opportunity in one of LA's hottest locations Silver Lake! Offered for sale for the first time in 40 Years and strategically located on famous Sunset Boulevard, 2506 W Sunset is a 9,375 SF stunning brick building built in 1924. It is composed of (3) Ground Floor Retail Units and (7) Apartment Units on the 2nd Floor, with (3) Expansive Storage Units, poised for an ADU(s) (Buyer to Verify Feasibility). The property is situated on lot...We are pleased to present for sale this rare Mixed-Use investment opportunity in one of LA's hottest locations Silver Lake! Offered for sale for the first time in 40 Years and strategically located on famous Sunset Boulevard, 2506 W Sunset is a 9,375 SF stunning brick building built in 1924. It is composed of (3) Ground Floor Retail Units and (7) Apartment Units on the 2nd Floor, with (3) Expansive Storage Units, poised for an ADU(s) (Buyer to Verify Feasibility). The property is situated on lot size of 5,700 SF, Zoned (Q) C2-1VL, Tier 3 TOC with 50 Foot Frontage and 35K CPD on Sunset Blvd, with Alley Access off Coronado Street with (8) Parking Spaces at the rear of the lot.2506 W Sunset Blvd is considered "Walkers Paradise" with a walk score of (92), where daily errands do not require a car. Do not disturb tenants. All Offers must be submitted on CAR form CPA with current proof of funds, schedule of real estate, and pre-approval if applicable. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, and the ability to construct ADU(s) or additional units. Do Not Walk on Property or Disturb Tenants.
  1. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
  2. Listed by Patrick Dilanian • DRE #01823895 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 2506 Sunset Boulevard

Zoning
LAC2
Parcel Number
5402014022
Total Units
10.0
Living Area
9375
Source Living Area
Other
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
5694

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699; Remax Commercial and Investment Realty, Patrick Dilanian, DRE #01823895
Add your commute
LISTING UPDATED: 05/09/2024 12:01 AM

Property Details for 2506 Sunset Boulevard

StatusActive
MLS #24-386967
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,694 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699; Remax Commercial and Investment Realty, Patrick Dilanian, DRE #01823895
Add your commute

Building Information for 2506 Sunset Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,694 SF

Payment Calculator

$22,197 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,557

Property Taxes

$640

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2506 Sunset Boulevard

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Investment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $217,812
  • Net Operating Income: $142,408.00
  • Gross Income: $217,812
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 75405
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1307
  • Lot Size Square Feet: 5694
  • Lot Size Dimensions: 50x107
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 8
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-01-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,102.00
  • Unit Actual Rent: $4,407.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $748.00
  • Unit Actual Rent: $5,850.00
  • Unit Projected Rent: $2,244.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $15,200.00
  • Unit Projected Rent: $10,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $237,638.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $290,452.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $528,090.00

Property History for 2506 Sunset Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2506 Sunset Boulevard

Taxable ValueLand$290,452Additions$237,838Total$528,290
Tax Record2023$7,685 ($640 / month)
Home Facts
Total Finished SqFt8,000 SqFtAbove Grade Finished SqFt8,000 SqFtStories1Lot Size5,696 SqFtStyleOffice BuildingYear Built1924ZoningLAC2CountyLOS ANGELESAPN5402-014-022

Schools near 2506 Sunset Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Virgil Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2506 Sunset Boulevard is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on May 1, 2024 by Remax Commercial and Investment Realty, it's currently listed at $3,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Charter Academy No. 4, Virgil Middle School and Edward R. Roybal Learning Center. 2506 Sunset Boulevard is a 4-bed, 7-bath, 9,375 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699; Remax Commercial and Investment Realty, Patrick Dilanian, DRE #01823895

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.