Restored Spanish hillside prop w/ 3 view units in quiet, desirable Silver Lake neighborhood. Great income opportunity-perfect for cash-flow minded investor. Large modern 2+1 unit w/ private balcony & sweeping views of Hollywood Sign. Well upgraded modern studio unit w/ views, private patio & gardens. 1+1 unit w/ own separate address w/ views. Newer windows, electrical, plumbing, flooring & many other upgrades. Easy to rent prop close to hip restaurants, shopping, freeways & more.
Multi-familyProperty Type
1925Year Built
4,496 sq ftLot Size
$682Est. Price/Sq.Ft.
2 car garageParking
Listed by Paul Shin•DRE #01810827• America Realty Los Angeles
Bought with General NONMEMBER•DRE #01955438• CRMLS
Restored Spanish hillside prop w/3 view units in quiet, desirable Silver Lake neighborhood. Great income opportunity-perfect for cash-flow minded investor. Large modern 2+1 unit w/private balcony & sweeping views of Hollywood Sign. Well upgraded modern studio unit w/views, private patio & gardens. 1+1 unit w/own separate address w/views. Newer windows, electrical, plumbing, flooring & many other upgrades. Easy to rent prop close to hip restaurants, shopping, freeways & more.
Restored Spanish hillside prop w/3 view units in quiet, desirable Silver Lake neighborhood. Great income opportunity-perfect for cash-flow minded investor. Large modern 2+1 unit w/private balcony & sweeping views of Hollywood Sign. Well upgraded modern studio unit w/views, private patio & gardens. 1+1 unit w/own separate address w/views. Newer windows, electrical, plumbing, flooring & many other upgrades. Easy to rent prop close to hip restaurants, shopping, freeways & more.
CRMLS #SR15177423
Aug 19, 2015
Listing Removed
—
Aug 12, 2015
Listed
$999,500
$552/sq ft
SDMLS #301698454
Aug 19, 2015
Listing Removed
—
Aug 11, 2015
Listed
$999,500
$552/sq ft
Public Records
Apr 11, 2007
Sold
$869,000
$480/sq ft
Public Records
Oct 15, 2004
Sold
$732,500
$405/sq ft
Public Records
May 1, 2003
Sold
$510,000
$282/sq ft
Public Records
Feb 28, 1994
Sold
$130,000
$72/sq ft
Public Records
Sep 21, 1990
Sold
$200,000
$110/sq ft
Public Records
Oct 17, 1980
Sold
$112,000
$62/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,121 (+1.1%)
$812,407 + $272,734
$1,085,141
2024
$12,980 (+2.0%)
$812,407 + $272,734
$1,085,141
2023
$12,727 (+6.2%)
$796,478 + $267,387
$1,063,865
2021
$11,983 (−1.0%)
$765,550 + $257,005
$1,022,555
2020
$12,107 (+4.2%)
$750,540 + $251,966
$1,002,506
2019
$11,622 (+0.5%)
$742,845 + $249,383
$992,228
2018
$11,563 (+2.3%)
$728,280 + $244,494
$972,774
2017
$11,308 (+17.0%)
$700,000 + $235,000
$935,000
2016
$9,667 (+3.8%)
$700,000 + $235,000
$935,000
2015
$9,311 (+4.6%)
$640,000 + $160,000
$800,000
2014
$8,898 (+18.2%)
$574,400 + $143,600
$718,000
2012
$7,528 (+1.4%)
$472,000 + $118,000
$590,000
2011
$7,421 (+15.6%)
$472,000 + $118,000
$590,000
2010
$6,418 (+4.0%)
$472,000 + $118,000
$590,000
2009
$6,170 (−41.9%)
$400,000 + $100,000
$500,000
2008
$10,616
$400,000 + $100,000
$500,000
Tax history for 2497 Silver Ridge Ave
Year
Property tax
Land + Additions
Assessment*
2025
$13,121 (+1.1%)
$812,407 + $272,734
$1,085,141
2024
$12,980 (+2.0%)
$812,407 + $272,734
$1,085,141
2023
$12,727 (+6.2%)
$796,478 + $267,387
$1,063,865
2021
$11,983 (−1.0%)
$765,550 + $257,005
$1,022,555
2020
$12,107 (+4.2%)
$750,540 + $251,966
$1,002,506
2019
$11,622 (+0.5%)
$742,845 + $249,383
$992,228
2018
$11,563 (+2.3%)
$728,280 + $244,494
$972,774
2017
$11,308 (+17.0%)
$700,000 + $235,000
$935,000
2016
$9,667 (+3.8%)
$700,000 + $235,000
$935,000
2015
$9,311 (+4.6%)
$640,000 + $160,000
$800,000
2014
$8,898 (+18.2%)
$574,400 + $143,600
$718,000
2012
$7,528 (+1.4%)
$472,000 + $118,000
$590,000
2011
$7,421 (+15.6%)
$472,000 + $118,000
$590,000
2010
$6,418 (+4.0%)
$472,000 + $118,000
$590,000
2009
$6,170 (−41.9%)
$400,000 + $100,000
$500,000
2008
$10,616
$400,000 + $100,000
$500,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
4,496
Year renovated
1940
Sq. Ft.
1,810
Year built
1925
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
5440014007
Parking Spaces
2
Basement
Yes
Accessible
No
HOA Dues
—
Garage
Yes
Features
Views
Last updated by owner on Jan 18, 2025.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 2
# of Parking Spaces: 4
Interior
Laundry Information
Has Laundry
Community
Cooling Information
Central, Wall Window
Has Cooling
Heating Information
Central Furnace, Natural Gas, Wall Heater
Has Heating
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 1431069
Listing Key Numeric: 13390501
Actual Rent: $2,800
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $2,800
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 1431070
Listing Key Numeric: 13390501
Actual Rent: $1,600
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $1,600
Total # of Units: 2
Unit Type 3 Information
Listing Key Numeric: 13390501
Unit Key Numeric: 1431071
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Units: 3
Expenses
Insurance: $700
Water Sewer: $2,340
Electric: $900
New Taxes: $11,987
Gardener: $1,020
Multi-Unit Information
Net Operating Income: $53,853
Total Building Area: 1,329
Gross Scheduled Income: $70,800
Gross Income: $5,900
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 3
# Of Buildings: 1
Exterior
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Assessor's Data
Lot Features: 2-5 Units/Acre
Property Information
Total # of Units: 2
Common Walls: 1 common wall
Parcel Number: 5440014007
Attached Property
Waterfront Features: Reservoir in Community
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $16,947
Rent Control
Utilities
Utilities Information
Sewer Available
Water Source: District/Public
Location
Location Information
Latitude: 34.10207000
Longitude: -118.25509600
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,810
Stories: —
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 4,496 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1925
Year Renovated: 1940
County: Los Angeles County
APN: 5440014007
HOA Dues: —
Garage: Yes
Features: Views
Home facts updated by owner on Jan 18, 2025
Other
Listing Information
Days Active in MLS: 59
Continuous Days Active in MLS: 59
Listing Agent Information
List Agent First Name: Paul
List Agent Last Name: Shin
Listing Office Information
List Office Name: America Realty Los Angeles
Selling Agent Information
Buyer Agent First Name: General
Buyer Agent Last Name: NONMEMBER
Selling Office Information
Buyer Office Name: CRMLS
Around this home
Schools
Allesandro Elementary School
Public K-6 • Assigned • 0.2mi
9/10
Sotomayor Arts and Sciences Magnet
Public 6-12 • Assigned • 0.9mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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