932 Maltman Ave - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$7,300,000 USD
213-943-1897
932 Maltman Ave, Los Angeles, CA for Sale
$7,300,000 USD
Apartments - FOR SALE
1/11
null | 5.5% Cap Rate

932 Maltman Ave
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • An Investor will have the opportunity to capture 66% rental upside on the remaining non-renovated units through interior renovations
  • Located within walking distance to the vibrant restaurants, cafes, bars, theaters, grocery stores, gyms and studios in Silver Lake
  • An ADU feasibility study indicates potential for four attached and eight detached ADUs, representing 25% and 45% of existing units—buyer to verify
  • A rare opportunity for investors entering or expanding in Silver Lake, where the average deal size is 10 units over the past five years
  • Government-mandated seismic retrofit completed by current ownership; 28 on-site parking spaces for 18 units in a neighborhood where parking is scarce

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 18-unit apartment complex in the heart of the vibrant Silver Lake neighborhood. 932 Maltman Avenue is located south of Sunset Boulevard & west of Silver Lake Boulevard. Nestled in Silver Lake within walking distance to Sunset Junction, residents are surrounded by eclectic dining, boutique shopping, local coffee shops and lively bars and nightlife. Situated on a 22,415 square foot parcel, the property stands out for its significant parking advantage: a notable 28 on-site spaces for 18 units in a neighborhood where parking is at a premium. The excess space also allows for added density through the creation of Accessory Dwelling Units (ADUs). The property’s diverse unit mix includes three studios, five one-bedrooms, nine two bedrooms, and one three-bedroom unit. With its prime location, oversized lot, ADU possibilities and in-place yield, 932 Maltman Avenue offers investors a valuable asset with additional value-add opportunity and appreciation potential. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. This asset is being offered for sale alongside 1029 South Union. The properties can be purchased individually or together.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

18

PRICE/UNIT

$405,556

CAP RATE

5.5%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 Units Value-Add in Prime Silver Lake

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,415 SF

ZONING

LARD2

APN/PARCEL ID

5427-022-022

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.