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1180 Myra Ave - Prime Silver Lake - Value Add - ADU 4 Unit Apartment Building Offered at $1,695,000 at a 4.24% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Prime Silver Lake location
- Major recent repairs completed, including roof and plumbing
- Ideally located near Sunset Junction, popular dining, shopping, and major Eastside attractions
- Expansive 8,870 SF lot with potential to add up to 5 units/ADUs (buyer to verify)
- Strong existing asset with future development potential
Executive Summary
The Stiegler Takahashi Group is pleased to present 1180 Myra Ave, Los Angeles, CA 90029, a rare investment opportunity in a prime Silver Lake location. Situated on an expansive 8,870-square-foot lot, the property offers potential to add up to five additional units through a combination of new construction and ADUs (buyer to verify), creating exceptional value-add and long-term upside. Major recent improvements, including roof and plumbing repairs, enhance the property’s existing strength while positioning it for future growth. Ideally located near Sunset Junction and surrounded by Silver Lake’s renowned dining, shopping, and Eastside attractions, this asset combines strong in-place appeal with outstanding development potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,310
|
$32.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,454
|
$10.99
|
| Net Operating Income |
$71,856
|
$21.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,310 |
| Annual Per SF | $32.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,454 |
| Annual Per SF | $10.99 |
| Net Operating Income | |
|---|---|
| Annual | $71,856 |
| Annual Per SF | $21.67 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,525 | - |
| 1+1 | 2 | $2,325 | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
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1180 Myra Ave - Prime Silver Lake - Value Add - ADU
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