About 1437 Lucile Avenue
1437 Lucile Ave | 4-Unit + 5th Non-Conforming Unit Multifamily Investment in Silver Lake. *NOW DELIVERING 2 VACANT UNITS* Built in 1949 on a 7,351 SF lot with 3,577 SF of improvements, this boutique asset is located on one of Silver Lake's most desirable and supply-constrained residential streets. The property features a strong unit mix of (4) one-bedroom / one-bathroom units and is offered for the first time in approximately 36 years. Two units delivered vacant, the property offers solid in-place income today, while also benefiting from immediate upside optionality for an incoming owner.. Offered at $1,495,000 ($373,750/unit | $417.95/SF) with a 5.26% in-place cap rate and a 6.61% pro forma cap rate, supported by long-term rent growth potential in a high-barrier infill submarket.
Features of 1437 Lucile Avenue
| MLS® # | 26649029 |
|---|---|
| Price | $1,495,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 3,577 |
| Lot Size | 7,353 |
| Year Built | 1949 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 1437 Lucile Avenue |
|---|---|
| Area | C21 - Silver Lake - Echo Park |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90026 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Stories | Multi/Split |
Additional Information
| Date Listed | February 9th, 2026 |
|---|---|
| Days on Market | 35 |
| Zoning | LARD2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor Avakian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |