2297 Glendale Blvd - Silver Lake | 2 Vacant Homes | R3 Lot 2 Unit Apartment Building Offered at $999,999 at a 5.93% Cap Rate Los Angeles, CA 90039

First Time to Market in over 25 years, 2299 Glendale Boulevard is a charming two-unit income property located in the heart of Los Angeles’ vibrant Silver Lake/Atwater Village corridor. The property features two detached residences situated on a 7,374 square foot R3-zoned lot, offering both immediate rental income and exceptional long-term
development potential.
The front residence, built in 1941, is an 832 square foot 2-bedroom, 1-bath bungalow with classic early-20th-century character and strong curb appeal. The rear residence, constructed in 1924, is a 540 square foot 1-bedroom, 1-bath home positioned privately toward the back of the lot. Both units are fully detached, providing desirable separation and livability for tenants or owner-occupants.
A detached garage sits at the rear of the property, offering immediate potential for an ADU conversion, while the expansive lot accommodates surface parking for up to six vehicles—a rare amenity in this submarket. The R3 zoning and generous lot depth create a compelling opportunity for investors seeking value-add upside through additional ADUs or future redevelopment. With its central location, flexible zoning, and multiple paths for income growth, 2299 Glendale Boulevard represents a unique
offering in one of Los Angeles’ most supply-constrained rental markets.