1185 Myra Avenue
1185 Myra Avenue
$6,850,000
30
31
19,573
19,573
$350
Sold 4/16/21
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...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.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Brian Rivera • DRE #01992630 • Brokerage DRE #00625769 • Compass
Property Details for 1185 Myra Avenue
Zoning
LAR4
Cross StreetsSunset Blvd. and Fountain Ave.
Parcel Number5429008023
Total Units21.0
Living Area19573
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate100
Location
LISTING UPDATED: 04/20/2021 09:18 AM
Property Details for 1185 Myra Avenue
Status | Sold |
---|---|
MLS # | 20-586460 |
Days on Market | 38 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.30 AC / 13,194 SF |
County | Los Angeles County |
Location
Building Information for 1185 Myra Avenue
Stories3Residences-Year Built1964Building Size-Lot Size0.30 AC / 13,194 SF
Payment Calculator
$44,707 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1185 Myra Avenue
Property History for 1185 Myra Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1185 Myra Avenue
Taxable ValueLand$4,161,600Additions$2,965,540Total$7,127,140
Tax Record2023$87,888 ($7,324 / month)
Home Facts
Total Finished SqFt19,573 SqFtAbove Grade Finished SqFt19,573 SqFtLot Size13,194 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR4CountyLOS ANGELESAPN5429-008-023
Schools near 1185 Myra Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 2 |
Rating | School | Distance |
---|---|---|
Lockwood Avenue Elementary School PublicK to 6 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Lexington Avenue Primary Center PublicK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.