Views - Fixer Upper
Address
1185 Myra Avenue Los Angeles, CA
Price
$ 6,998,000
Property Attributes
  • MLS#20586460
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake
  • Zip90029
  • Style
  • Price$ 6,998,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Alexander Metaxas with Realty Investment Advisors, Inc..
Property Description

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.

Price History
6/4/2020 Listed $7,385,000
8/10/2020 6% - $6,998,000

General Features

Co-Listing Agent Last Name Brian
Co-Listing Agent Last Name Rivera
Co-Listing Agent State License # 01992630
Co-listing Agent Brian Rivera - BRE#01992630
Cooling None
Directions North of Sunset Blvd, South of Fountain
Heating None
Levels Three Or More
Listagentaor Beverly Hills/Greater LA
Listing Agent Alexander Metaxas - BRE#01784652
Listing Agent State License 01784652
MLS Area 671 - Silver Lake
Parking Features Covered, Gated, Uncovered
PropertyCondition Fixer, Repairs Major
Source System CRMLS
Special Listing Conditions Standard
Total Units 21
View Mountain(s), City Lights
Zoning LAR4

Interior Features

Fireplace Features None
Total Stories 3

Exterior Features

Lot Size Acres 0.3000
Lot Size Area 13194.0000
Lot Size Source Assessor
Lot Size Square Feet 13194.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90029

Price
AVG $1.4M
$7M
Visits
AVG 55
101
Year Built
AVG 1927
1964
Walkscore
AVG 89
90
Data Provided by Walkscore ® not using MLS data

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