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1437 Lucile Ave - 1437 Lucile Ave 4 Unit Apartment Building Offered at $1,495,000 at a 5.26% Cap Rate Los Angeles, CA 90026
Executive Summary
1437 Lucile Ave presents a rare opportunity to acquire a well-located 4-unit + 5th non-confrming asset in the heart of Silver Lake with both stability and future flexibility.
The property offers solid in-place income today, while also benefiting from a vacant unit that provides immediate optionality for an incoming owner — whether through lease-up, personal use, or thoughtful repositioning over time.
Held by the same ownership for over three decades, the building reflects long-term stewardship and presents a compelling blend of dependable cash flow and gradual mark-to-market potential.
Situated on a generous 7,351 SF LARD2 lot, the asset also benefits from a non-conforming fifth unit and functional layout that supports a range of investment strategies — from passive hold to incremental value enhancement.
In a submarket where demand for boutique multifamily remains consistently strong, 1437 Lucile Ave offers investors the ability to secure a foothold in Silver Lake with multiple paths forward.
The property offers solid in-place income today, while also benefiting from a vacant unit that provides immediate optionality for an incoming owner — whether through lease-up, personal use, or thoughtful repositioning over time.
Held by the same ownership for over three decades, the building reflects long-term stewardship and presents a compelling blend of dependable cash flow and gradual mark-to-market potential.
Situated on a generous 7,351 SF LARD2 lot, the asset also benefits from a non-conforming fifth unit and functional layout that supports a range of investment strategies — from passive hold to incremental value enhancement.
In a submarket where demand for boutique multifamily remains consistently strong, 1437 Lucile Ave offers investors the ability to secure a foothold in Silver Lake with multiple paths forward.
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- Offering Memorandum
Property Facts
| Price | $1,495,000 | Property Type | Multifamily |
| Price Per Unit | $373,750 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,577 SF |
| Cap Rate | 5.26% | No. Stories | 2 |
| Gross Rent Multiplier | 12.67 | Year Built | 1949 |
| No. Units | 4 | Parking Ratio | 1.68/1,000 SF |
| Zoning | LARD2 | ||
| Price | $1,495,000 |
| Price Per Unit | $373,750 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 12.67 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 3,577 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,458 | 650 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5427-014-026 | Improvements Assessment | $180,356 |
| Land Assessment | $324,654 | Total Assessment | $505,010 |
Property Taxes
Parcel Number
5427-014-026
Land Assessment
$324,654
Improvements Assessment
$180,356
Total Assessment
$505,010
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1437 Lucile Ave - 1437 Lucile Ave
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