932 Maltman Ave | Los Angeles, CA 90026
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- LoopNet Team
932 Maltman Ave
Los Angeles, CA 90026
18 Units Value-Add in Prime Silver Lake · Multifamily Property For Sale
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18 Units
INVESTMENT HIGHLIGHTS
- An Investor will have the opportunity to capture 66% rental upside on the remaining non-renovated units through interior renovations
- An ADU feasibility study indicates potential for four attached and eight detached ADUs, representing 25% and 45% of existing units—buyer to verify
- Government-mandated seismic retrofit completed by current ownership; 28 on-site parking spaces for 18 units in a neighborhood where parking is scarce
- Located within walking distance to the vibrant restaurants, cafes, bars, theaters, grocery stores, gyms and studios in Silver Lake
- A rare opportunity for investors entering or expanding in Silver Lake, where the average deal size is 10 units over the past five years
PROPERTY FACTS
| No. Units | 18 | Building Size | 17,628 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | LARD2 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 17,628 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | LARD2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 448 |
| 1+1 | 5 | - | 826 |
| 2+2 | 9 | - | 1,045 |
| 3+3 | 1 | - | 1,515 |
PROPERTY TAXES
| Parcel Number | 5427-022-022 | Improvements Assessment | $2,633,852 |
| Land Assessment | $3,396,381 | Total Assessment | $6,030,233 |
PROPERTY TAXES
Parcel Number
5427-022-022
Land Assessment
$3,396,381
Improvements Assessment
$2,633,852
Total Assessment
$6,030,233
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