1303 Lucile Ave, Los Angeles, CA 90026

4-Plex in Silver Lake | Delivered 100% Vacant | Large R2 lot with ADU potential

Sold: $1,640,000

Property Highlights

Charming fourplex built in 1925
Closed swiftly with a smooth, 21-day & fully non-contingent escrow, funded with bridge & construction debt from Genesis Bank
Represented a long term owner who had owned the property for 25+ years and plans to 1031 exchange the proceeds
4,286 total SqFt on a 0.17 Acre lot zoned LAR2
Great unit mix with (2) 1+1 and (2) 2+1 units
Large R2 lot with strong ADU potential, at least two detached units, potentially four with SB 1211
Property to be delivered 100% vacant
Large units may be converted to add more bedrooms
Under same ownership for several decades
Units average over 1,000 SF each
Strong potential for TIC conversion
Rare, fully vacant redevelopment opportunity
Prime Silver Lake location just below Sunset Junction, within walking distance to grocery stores, trendy restaurants, bars and entertainment

The Deal Story

The Glaser Group is pleased to announce the successful closing of 1303 Lucile Ave, marking our 6th closing of the 2025 calendar year! The property is a spacious and versatile fourplex located in the highly coveted Silver Lake neighborhood, just below Sunset Junction. Sold for $1,640,000, this rare, 100% vacant asset presents an exceptional opportunity for redevelopment with room for 4 detached ADUs to be constructed in the back of the lot.

We represented a long term owner in this sale who had owned the property for 25+ years and plans to exchange the proceeds into passive DST investments. Notably, we were able to generate six competitive offers from our proprietary investor database prior to publicly launching the listing on the MLS.

The transaction closed swiftly with a smooth, 21-day & fully non-contingent escrow, funded with bridge & construction debt from Genesis Bank. The property consists of four large units — (2) 1-bedroom/1-bath and (2) 2-bedroom/1 bath — each averaging over 1,000 square feet, offering flexibility for reconfiguration or additional bedrooms.

Sitting on a generous 0.17-acre LAR2-zoned lot, the property also boasts strong ADU potential, with the ability to add up to four detached units under new ADU law SB 1211. This significant redevelopment potential makes 1303 Lucile Ave an exceptional long-term investment in one of LA’s most desirable rental markets.

If you are interested in exploring a similar 1031 exchange opportunity or learning more about how we can help you maximize your investment portfolio, contact The Glaser Group at jake@lyonstahl.com or call us at 310-230-5157.