Sold
1185 MYRA AVE
Los Angeles CA, 90029
$6,850,000
$349.97 per sqft
Sold
30 Beds
19,573 sqft
Residential
Built in 1964
We are pleased to present for sale a VACANT, prime Silver Lake Multifamily building just one block from Sunset Junction. This investment opportunity offers a buyer the ability to immediately renovate, design, and lease 21 apartment units in an extremely desirable rental location. The Property is anticipated to be stabilized around a PROJECTED 5.85% Cap Rate post-renovations. The Property will be delivered with RTI Permits to convert the building from the existing 17 units to a permitted 21 units (20 units + 1 ADU) with an excellent unit mix and large floor plans. There are 18 on-site parking spaces and secure storage for 12 bicycles. Located across the street from a new 100-unit apartment development coming soon and less than 1 mile from the Kaiser and Children's Hospitals as well as Metro stations, Vermont/Santa Monica & Vermont/Sunset. Buyer to independently investigate the accuracy of all information provided.
20-586460
MLSⓇ ID
June 2, 2020
Listed
March 18, 2024
Updated
Map
1185 MYRA AVE
Los Angeles CA, 90029
Interior Features
Total Stories
3
Bedrooms
30
Appliances
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.3 Acres
Sewer
In Street
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
38
Garage
No
Parking
Covered Parking, Gated, Uncovered
Parking Total
18
View
Yes
View Description
Mountains, City
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAR4
Listed by Alexander Metaxas with Realty Investment Advisors, Inc.
Listing Contact: 626-313-4901
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor RSR Rogers Stellini Ritt Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/18/2024
