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 Beds


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

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