1437 Lucile Avenue, Los Angeles, CA 90026
List Price: $1.5M
Listing Status: Pending
0Days on Market: 44
4 Bedrooms · 4 Bathrooms · 3,577 sq ft
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 7,353 sq ft
MLS Number: 26649029
About This Property
1437 Lucile Ave | 4-Unit + 5th Non-Conforming Unit Multifamily Investment in Silver Lake. *NOW DELIVERING 2 VACANT UNITS* Built in 1949 on a 7,351 SF lot with 3,577 SF of improvements, this boutique asset is located on one of Silver Lake's most desirable and supply-constrained residential streets. The property features a strong unit mix of (4) one-bedroom / one-bathroom units and is offered for the first time in approximately 36 years. Two units delivered vacant, the property offers solid in-place income today, while also benefiting from immediate upside optionality for an incoming owner.. Offered at $1,495,000 ($373,750/unit | $417.95/SF) with a 5.26% in-place cap rate and a 6.61% pro forma cap rate, supported by long-term rent growth potential in a high-barrier infill submarket.
Listing provided by: Taylor Avakian DRE #02060040 310-425-9838 taylor@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: 26649029
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.