2506 W Sunset Boulevard, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

2506 W Sunset Boulevard, Los Angeles, California 90026 home-pic-0
ACTIVE UNDER CONTRACT$3,500,000
2506 W Sunset Boulevard, Los Angeles, California 90026
0Bed
0Bath
8,000Sqft
5,694Lot
Year Built
1924
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
OC25162915
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.50M(50th), sqft - 8000(50th), beds - undefined(50th), baths - undefined(50th).

Pleased to present this rare mixed-use investment opportunity located in the heart of Silver Lake along the vibrant West Sunset Boulevard corridor. 2506 W Sunset Blvd is an 8,000 square foot building situated on a 5,694 square foot lot, offering a well-balanced unit mix of three street-level retail storefronts and seven residential apartment units. All but one of the units are currently on month-to-month leases, providing immediate flexibility and repositioning potential for an investor or owner-user. One of the commercial units is intentionally left available, offering instant upside through lease-up. Additionally, the property includes three separate basement units—each approximately 1,000 square feet—ideal for storage rental or creative repurposing. Zoned (Q)C2-1VL with a Tier 3 Transit Oriented Communities (TOC) designation, the property also holds long-term redevelopment potential. With a highly walkable location, under-market rents, and multiple income enhancement opportunities, this offering is well-positioned for those seeking a prime asset in one of Los Angeles’ most dynamic and desirable neighborhoods.

Nearby schools

2/10
Mayberry Street Elementary School
Public,K-60.4mi
5/10
Rosemont Avenue Elementary School
Public,K-50.5mi
5/10
Micheltorena Street Elementary School
Public,K-50.7mi
/10
Lake Street Primary School
Public,K-10.8mi
8/10
Clifford Street Elementary School
Public,K-61.0mi
4/10
Betty Plasencia Elementary School
Public,K-61.2mi
3/10
Elysian Heights Elementary School
Public,K-61.3mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,K-61.5mi
8/10
Allesandro Elementary School
Public,K-61.8mi
7/10
Dorris Place Elementary School
Public,K-62.0mi
6/10
Castelar Street Elementary School
Public,K-52.0mi
7/10
Solano Avenue Elementary School
Public,K-62.1mi
2/10
Logan Street Elementary School
Public,K-80.7mi
6/10
Thomas Starr King Middle School
Public,6-81.3mi
3/10
Sal Castro Middle School
Public,6-81.3mi
5/10
Virgil Middle School
Public,6-81.3mi
5/10
Florence Nightingale Middle School
Public,6-82.9mi
6/10
Irving STEAM Magnet
Public,6-83.1mi
3/10
Belmont Senior High School
Public,9-121.3mi
8/10
John Marshall Senior High School
Public,9-122.0mi

Price History

Date
Event
Price
07/20/25
Listing
$3,500,000
Condition Rating
Poor

Built in 1924, this property is 100 years old. The listing explicitly notes 'potential for aging infrastructure' and states that 'significant capital investment for renovations and upgrades to both residential and commercial units is likely required.' While no interior images are provided, the age of the building and the description strongly indicate that the residential units, including kitchens and bathrooms, are severely outdated and require substantial repairs and rehabilitation to meet modern standards. The exterior images also show an older building with no apparent recent major renovations.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the heart of Silver Lake along the vibrant West Sunset Boulevard corridor, offering a highly desirable and walkable location with strong market appeal.
Diversified Income Stream: Features a well-balanced unit mix of three street-level retail storefronts and seven residential apartment units, providing stability through varied revenue sources.
Significant Value-Add Potential: Most units are on month-to-month leases, and one commercial unit is vacant, offering immediate flexibility for repositioning, lease-up, and capitalizing on under-market rents.
Redevelopment & Zoning Advantage: Zoned (Q)C2-1VL with a Tier 3 Transit Oriented Communities (TOC) designation, indicating strong long-term redevelopment potential and favorable land use.
Additional Income Opportunities: Includes three separate 1,000 sq ft basement units ideal for storage rental or creative repurposing, adding further revenue streams.

Cons

Age of Building: Built in 1924, the property is an older structure which may necessitate higher ongoing maintenance costs and potential for aging infrastructure.
Current Under-Market Rents: While offering upside, the current under-market rents mean the property is not yet generating its full income potential, requiring active management and investment to maximize returns.
Potential for Capital Expenditures: To fully realize the repositioning and income enhancement opportunities, significant capital investment for renovations and upgrades to both residential and commercial units is likely required.

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