Multifamily
932 Maltman Ave
932 Maltman Ave, Los Angeles, CA 90026
Listing Price: $8,250,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 932 Maltman Avenue, an 18-unit apartment complex in the heart of the vibrant Silver Lake neighborhood.
Nestled in Silver Lake, a hub of cultural vibrancy, 932 Maltman situates residents amidst eclectic dining, boutique shopping, and lively entertainment. This area stands out not only for its desirability but also for the property's significant parking advantage: a notable 28 on-site spaces for 18 units in a neighborhood where ample parking is rare.
Occupying a 22,415 square foot parcel, the property's diverse unit mix includes three studios, five one-bedroom, nine two bedroom, and one three-bedroom units. With its prime location and unique offerings, 932 Maltman Avenue positions investors with a valuable asset in Silver Lake, suggesting sustained rental appreciation potential.
932 Maltman Ave
Investment Highlights
- Attractive Assumable Agency Financing is Available at 3.58% Interest, Amortizing and Maturity Date of 12/1/2025
- Part of a 6-property, 195-unit Portfolio. Properties may be purchased an Individual, Portfolio or Sub Portfolio Basis (Westlake Trio Buildings must be purchased together)
- An Investor will have the Opportunity to Capture 82% Rental Upside on the Remaining Non-Renovated Units
- The Property is Located in Close Proximity to the Vibrant Restaurants, Cafes, Bars, Theaters, Grocery Stores, Gyms and Employment Opportunities in Silver Lake, Echo Park, Virgil Village, East Hollywood and Downtown Los Angeles
- The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
- The Government Required Seismic Retrofit Work is Already Completed by Current Ownership, Which Saves a New Investor Substantially in Capital and Time While Also Offering 28 On-Site Parking Spaces for 18 Units in a Neighborhood Where Parking is at a Premium
Exclusively Listed By
Listing Price: $8,250,000
Investment Highlights
- Attractive Assumable Agency Financing is Available at 3.58% Interest, Amortizing and Maturity Date of 12/1/2025
- Part of a 6-property, 195-unit Portfolio. Properties may be purchased an Individual, Portfolio or Sub Portfolio Basis (Westlake Trio Buildings must be purchased together)
- An Investor will have the Opportunity to Capture 82% Rental Upside on the Remaining Non-Renovated Units
- The Property is Located in Close Proximity to the Vibrant Restaurants, Cafes, Bars, Theaters, Grocery Stores, Gyms and Employment Opportunities in Silver Lake, Echo Park, Virgil Village, East Hollywood and Downtown Los Angeles
- The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
- The Government Required Seismic Retrofit Work is Already Completed by Current Ownership, Which Saves a New Investor Substantially in Capital and Time While Also Offering 28 On-Site Parking Spaces for 18 Units in a Neighborhood Where Parking is at a Premium
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 932 Maltman Avenue, an 18-unit apartment complex in the heart of the vibrant Silver Lake neighborhood. Nestled in Silver Lake, a hub of cultural vibrancy, 932 Maltman situates residents amidst eclectic dining, boutique shopping, and lively entertainment. This area stands out not only for its desirability but also for the property's significant parking advantage: a notable 28 on-site spaces for 18 units in a neighborhood where ample parking is rare. Occupying a 22,415 square foot parcel, the property's diverse unit mix includes three studios, five one-bedroom, nine two bedroom, and one three-bedroom units. With its prime location and unique offerings, 932 Maltman Avenue positions investors with a valuable asset in Silver Lake, suggesting sustained rental appreciation potential.
Exclusively Listed By
