1180 Myra Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 0 bed, 0 bath
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Los Angeles, California 90029
This 1923 quadruplex presents a Strong Value Opportunity, listed at $1,695,000—positioned above the $1,581,785 Fair Market Value. While priced at a premium, the asset offers significant long-term upside through its expansive 8,870-square-foot lot, which supports the addition of up to five units via new construction and ADUs. With a Condition Rating of 4, the property features recent roof and plumbing upgrades, providing a stable foundation for modernization. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers targeting high-demand Silver Lake rental markets.
Property is moderate renovation needed.
Built in 1923, this 100-year-old quadruplex is positioned as a 'value-add' opportunity. While it has benefited from recent roof and plumbing repairs, the presence of window AC units and the lack of interior renovation details suggest dated kitchens and baths that require modernization.
The expansive 8,870-square-foot lot provides a rare value-add opportunity to add up to five additional units through new construction and ADUs, maximizing long-term ROI.
Ideally situated near Sunset Junction, the property benefits from high rental demand and proximity to the area's premier dining, shopping, and cultural attractions.
Major recent upgrades to the roof and plumbing systems reduce immediate deferred maintenance costs and provide a more stable foundation for future growth.
As a 1923 structure, the property may require ongoing attention to aging systems and structural elements common in century-old buildings despite recent repairs.
The potential for additional units is subject to buyer verification and city approvals, which can involve complex permitting processes and significant construction costs.
We are pleased to present 1180 Myra Ave, Los Angeles, CA 90029, a rare investment opportunity in a prime Silver Lake location. Situated on an expansive 8,870-square-foot lot, the property offers potential to add up to five additional units through a combination of new construction and ADUs (buyer to verify), creating exceptional value-add and long-term upside. Major recent improvements, including roof and plumbing repairs, enhance the property’s existing strength while positioning it for future growth. Ideally located near Sunset Junction and surrounded by Silver Lake’s renowned dining, shopping, and Eastside attractions, this asset combines strong in-place appeal with outstanding development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 3,316 | 2,706.5 | 50% |
| Lot Size | 8,870 | 6,511.5 | 50% |
| Price | $1.70M | $1.45M | 50% |
| Price per sq ft | $511 | $541 | 50% |
| Built year | 1923 | 1916 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 160 | 50% |
May 20, 2026
$1,695,000
Initial Listing