1437 Lucile Ave, Los Angeles, CA 90026

Property Overview

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1437 Lucile Avenue is a boutique 4-unit + 1 Non-Conforming multifamily investment located within Silver Lake’s residential core, one of Los Angeles’ most established and supply-constrained rental neighborhoods. The property is comprised of four one-bedroom units, a unit profile that continues to attract stable, long-term tenancy in lifestyle-driven submarkets. The current operating profile supports consistent cash flow while preserving upside through turnover-driven rent growth and measured capital execution. Positioned along a quiet residential corridor near Sunset Boulevard and Sunset Junction, the asset is well suited to support durable occupancy and long-term value retention in a high-barrier infill location.

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Key Property Details

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• Address: 1437 Lucile Ave, Los Angeles, CA 90026
• Units: 4 + 1 NC Unit
• Year Built: 1949
• Building Size: 3,577 SF
• Lot Size: 7,351 SF
• Unit Mix: (4) 1-Bed / 1-Bath
• Vacancy: One unit currently vacant

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Investment Highlights

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• Prime Silver Lake Residential Location: The property is positioned on a quiet, tree-lined residential street within Silver Lake’s established core, an area defined by limited new development, strong neighborhood identity, and consistent renter demand driven by lifestyle and proximity.
• Immediate Lease-Up Opportunity: One vacant unit allows a buyer to immediately lease at market rents, creating near-term NOI growth while maintaining stable cash flow from the occupied units.
• Embedded Rent Growth Potential: Current in-place rents remain below market, providing a clear path to increased income through natural turnover and disciplined rent optimization over time.
• Large Lot with Long-Term Optionality: The 7,351 SF lot and existing ancillary structures may support future ADU conversion or redevelopment strategies, subject to buyer verification and required approvals, offering upside beyond the core multifamily income.
• Rare Long-Term Ownership Offering: Offered for the first time in approximately 36 years, the property reflects long-term stewardship and limited historical turnover—attributes commonly associated with durable fundamentals and strong long-term hold potential.

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Neighborhood and Accessibility

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Silver Lake remains one of Los Angeles’ most supply-constrained residential neighborhoods, characterized by architectural character, strong lifestyle-driven demand, and limited new housing supply. Lucile Avenue sits deeper within the neighborhood’s residential core while remaining just minutes from Sunset Boulevard, Sunset Junction, Echo Park, and Downtown Los Angeles. Convenient access to US Route 101 and surrounding employment centers continues to support durable occupancy and long-term rental performance.

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For more information and to schedule a viewing, please contact:

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Freddie Gershinson - 818-205-4254

Founder, The Group CRE

First Vice President, Lyon Stahl