334 Robinson St, Los Angeles, CA 90026

Property Overview

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334 Robinson St is a three-unit multifamily property on the southern edge of Silver Lake, offered at $1,250,000 ($416,667/unit, $422.30/SF). Built in 1924 on a 9,032 SF lot, it enters 22.7% below the $546/SF average of five comparable triplex sales since December 2024. It is also the last original parcel on the south side of Robinson St, a block face otherwise rebuilt with new-construction apartments.

The front building holds a 1,544 SF 4BD/2BA unit, delivered vacant for owner-occupancy or a lease-up at the $4,500/mo market rent. The rear duplex holds two occupied 1BD/1BA units averaging $1,358/mo against a $2,200/mo market rent. Unit 3, at $708/mo, is the single largest upside opportunity on the rent roll.

The property is subject to the Los Angeles Rent Stabilization Ordinance, so the incoming owner captures rent increases at each vacancy. With the vacant front unit leased at market, NOI of $57,637 grows to $76,858 at market rents. That 33.3% increase moves the cap rate from 4.61% to 6.15%. The roof, electrical panels, and plumbing have already been upgraded. That makes 334 Robinson St a flexible-basis asset with paths to returns as an owner-user, value-add, ADU, or long-term redevelopment play.

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Key Property Details

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• Price: $1,250,000
• Units: 3
• Unit Mix: (1) - 4+2, (2) - 1+1
• Rent Control: Subject to LA RSO
• Occupancy: 67% (2/3 Units)

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Investment Highlights

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• Vacant 4BD Front Unit, Owner-User or Lease-Up: The 1,544 SF 4BD/2BA front unit is delivered vacant and makes up 52% of the building’s square footage. An owner-user can live in the largest unit while the two rear units generate $2,716/mo. An investor can lease it at the $4,500/mo market rent. No renovation is required either way.
• NOI Grows 33.3% Through Turnover Alone: Unit 3 is leased at $708/mo against a $2,200/mo market rent, a 210.7% gap. As the rear units turn over under the RSO, NOI moves from $57,637 to $76,858. With the roof, electrical panels, and copper plumbing already upgraded, the upside comes from vacancy, not capital.
• A Path Back to a Legal Fourplex: The property holds a 3-unit Certificate of Occupancy, but assessor and title records reflect four units. A prior owner combined two front-building units decades ago by removing interior walls. A buyer can potentially restore that configuration (buyer to verify feasibility and permitting with LADBS).
• Detached ADUs by Right Under SB 1211: California SB 1211 allows detached ADUs by right, with no hearings or neighbor notification, up to the lot’s existing unit count. That means three ADUs under the current C of O, or potentially four if the fourth unit is restored (buyer to verify with the City).

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Neighborhood and Accessibility

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334 Robinson St sits on the southern edge of Silver Lake, minutes from Echo Park, East Hollywood, Koreatown, and Larchmont Village. The location gives residents access to the Sunset Blvd corridor through Silver Lake and Echo Park. It draws renters who pay a premium for walkable, creative-district neighborhoods.

The surrounding block shows where the area is heading. Every neighboring parcel on the south side of Robinson St has been rebuilt as new-construction apartments, including the adjacent mid-rise at 326 Robinson St. Large lots like this one have become scarce in the immediate area, which supports the site’s long-term redevelopment upside (buyer to verify under RAS3 zoning). US-101 and Beverly Blvd retail are minutes away.

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

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl