Description

1303-1305 Laveta Terrace is a rare, income-producing multifamily investment opportunity in the heart of Los Angeles’ vibrant Northeast corridor. Comprised of ten residential units in a well-maintained low-rise building constructed in 1921, this property delivers immediate cash flow with upside potential in one of the city’s most dynamic rental markets. The classic pre-War architecture, wood-frame construction and period detailing lend character and curb appeal, while an on-site manager suite and separate utility metering offer operational efficiency for the new owner.

Offered at $2,590,000, the asset trades at just $457.60 per square foot and reflects a proven gross rent multiplier of 14.69. At the current in-place rents, investors will achieve a market-leading 4.24% cap rate, positioning this listing among the top yield opportunities in Los Angeles’s under-$3M multifamily sector. With stabilized expenses and conservative underwriting, there is an immediate platform for value creation through targeted interior upgrades, enhanced curb appeal and optimized management.

Situated in ZIP code 90026, the property sits mere blocks from Silver Lake Boulevard and Sunset Boulevard’s eclectic mix of restaurants, boutiques and creative office spaces. Residents enjoy stroll-to-amenities like cafés, farmers’ markets and the iconic Silver Lake Reservoir, while downtown and Hollywood are reachable within minutes via the 101 and 5 freeways. Strong neighborhood growth and persistent rental demand underscore the long-term appreciation prospects for this asset.

For investors seeking a turnkey, historically stabilized multifamily offering with value-add runway, 1303-1305 Laveta Terrace delivers a compelling risk-adjusted return profile. Whether expanding a Los Angeles portfolio or making a first foray into the California market, this ten-unit building combines heritage charm, proven cash flow and prime urban location in one of the nation’s most sought-after rental corridors.