Multifamily
1217 Westerly Ter
1217 Westerly Terrace, Los Angeles, CA 90026
Listing Price: $1,695,000
Investment Overview
Marcus and Millichap is pleased to present a four (4) unit apartment building located at 1217 Westerly Terrace in Los Angeles, California. The subject property is located in a prime Silver Lake location, just north of Sunset Blvd and east of Silver Lake Blvd.
Located in prime Silver Lake just minutes from Sunset Junction, this fourplex features a desirable unit mix of 75% two-bedroom units and offers approximately 25% rental upside. The property is delivered 50% vacant, including a recently remodeled one-bedroom unit with hardwood floors, stainless steel appliances,
and modern finishes. Select units offer views of Sunset Blvd and have the convenience of washer and dryer hookups. A rear vacant room and existing garage present strong ADU conversion potential. The property also qualifies for an attractive 30-year residential financing. Positioned in the heart of Silver Lake, this property benefits from a highly sought-after location surrounded by top-tier dining, retail, and lifestyle amenities.
With significant vacancies, incredible views, a desirable two bedroom-heavy unit mix, and multiple opportunities for ADU conversions, this offering presents a compelling value-add investment in one of Silver Lake’s most sought-after locations.
1217 Westerly Ter
Investment Highlights
- Prime Silver Lake Location - Walking Distance to Sunset Junction
- Fourplex - 75% 2-Bedroom Units
- Delivered 50% Vacant
- Vacant One-Bedroom Unit Remodeled Recently - Hardwood Floors Throughout with Berber Carpet in Bedroom, Recessed Lighting with Dimmers, A/C Wall Unit, Stainless Steel Appliances, and Faux Wood Blinds
- Bonus ~400 SF Vacant Room in the Rear - Possible ADU Conversion
- On-Site Garage Parking - Excellent Opportunity to Convert to an ADU
- On-Site Laundry Room
- Select Units have Washer and Dryer Hookups
Exclusively Listed By
Financing By
Listing Price: $1,695,000
Investment Highlights
- Prime Silver Lake Location - Walking Distance to Sunset Junction
- Fourplex - 75% 2-Bedroom Units
- Delivered 50% Vacant
- Vacant One-Bedroom Unit Remodeled Recently - Hardwood Floors Throughout with Berber Carpet in Bedroom, Recessed Lighting with Dimmers, A/C Wall Unit, Stainless Steel Appliances, and Faux Wood Blinds
- Bonus ~400 SF Vacant Room in the Rear - Possible ADU Conversion
- On-Site Garage Parking - Excellent Opportunity to Convert to an ADU
- On-Site Laundry Room
- Select Units have Washer and Dryer Hookups
Investment Overview
Marcus and Millichap is pleased to present a four (4) unit apartment building located at 1217 Westerly Terrace in Los Angeles, California. The subject property is located in a prime Silver Lake location, just north of Sunset Blvd and east of Silver Lake Blvd. Located in prime Silver Lake just minutes from Sunset Junction, this fourplex features a desirable unit mix of 75% two-bedroom units and offers approximately 25% rental upside. The property is delivered 50% vacant, including a recently remodeled one-bedroom unit with hardwood floors, stainless steel appliances, and modern finishes. Select units offer views of Sunset Blvd and have the convenience of washer and dryer hookups. A rear vacant room and existing garage present strong ADU conversion potential. The property also qualifies for an attractive 30-year residential financing. Positioned in the heart of Silver Lake, this property benefits from a highly sought-after location surrounded by top-tier dining, retail, and lifestyle amenities. With significant vacancies, incredible views, a desirable two bedroom-heavy unit mix, and multiple opportunities for ADU conversions, this offering presents a compelling value-add investment in one of Silver Lake’s most sought-after locations.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
