3601-3603 Bellevue Ave 4 Unit Apartment Building $1,500,000 ($375,000/Unit) Los Angeles, CA 90026

Jones Lang LaSalle, as exclusive advisor, is pleased to present for sale the Bellevue Apartments ("The Property"). Available for purchase for the first time in 24 years, Bellevue presents a rare opportunity to acquire a value-add, fourplex asset in one of Silver Lake's trendiest neighborhoods near Sunset Junction.
The Bellevue Apartments sits on a large 7,500 SF corner lot and comprises of three separate structures totaling four units that are an equal mix of large one-bedroom and two-bedroom units. The front house is a single-story, "Craftsman House" duplex with a gated yard and private amenities. The middle, four car garage provides ample parking for each unit, and is the perfect candidate to either convert into an accessory dwelling unit (ADU) for immediate upside potential, or with current height restrictions allowing, build a new ADU on top to save the parking. The rear structure is a two-story, Spanish Colonial Revival duplex with private, direct access to each unit.
This investment opportunity is perfect for both savvy, value-add real estate investors as well as first time buyers entering the market, or owner occupiers hoping to offset their mortgage through collecting rent from tenants.