1437 Lucile Ave | Sold
1437 Lucile Ave sold for $1,450,000, or $362,500 per unit. We represented the seller.
Why this sale matters
The owner held this building for 36 years. By the end it had become a second job. New RSO rules, rising costs, and tenant issues had taken the joy out of it. Before a listing ever came up, we walked through every option with the owner: refinance, professional management, partial sale, full exit. The sale won on the numbers, not on a pitch.
How it sold
The building is a 1949 four-unit on a 7,351 square foot lot on a residential street near Sunset Junction. It came to market at $1,495,000 with one vacant unit. We put it in front of every active Eastside buyer we know. The result was 15 tours and 5 offers, every one from a buyer hunting Silver Lake specifically.
The winning offer was cash with zero contingencies. It closed 21 days from acceptance at $1,450,000, about 97% of the list price.
What it says about Silver Lake
$362,500 per unit is strong pricing for a 1949 RSO building. Four cash buyers wanted this property and one got it. The other four are still looking in Silver Lake, Echo Park, Los Feliz, and East Hollywood.
If you own 3 to 30 units on the Eastside and want to know what yours would sell for today, call us. No pressure. Just a number.
Freddie Gershinson - 818-205-4254 | Freddie@lyonstahl.com
Taylor Avakian - 916-996-4421 | Taylor@lyonstahl.com
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