1070 Myra Avenue, Los Angeles, CA 90029

Building Details

Building Size 4,020 SF More

Year Built 1956 More

Buildings 2 More

Listing Agency: Keller Williams Realty

Listed By: Roger Phillips · License #01057506 Show Phone

Source: Archetyperealty

Added: Nov 4 Changed: Nov 7 Last Checked: Nov 6 at 2:45PM

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Investment Insights

Based on property information with market context.

This office property brings together two parcels with approximately 4,020 square feet of building area on about 4,666 square feet of land. Improvements comprise a 3,220-square-foot primary building and a separate 800-square-foot building. The property dates to 1956 and is zoned C2; permitted uses are subject to City approval and applicable restrictions.

The offering is in Los Angeles’s Silver Lake area, near Santa Monica Boulevard and Myra Avenue, with neighborhood shops and restaurants nearby. Both parcels are included, and the property may be delivered vacant or occupied by tenants.

Key Highlights

• Two parcels include approximately 4,020 square feet of combined building area
• Approximately 4,666 square feet of land
• Primary building contains 3,220 square feet; second building adds 800 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,420

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,908,400 $1.9M

Cap Rate 7%

$1,363,143 $1.4M

Cap Rate 9%

$1,060,222 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,020 SF

Gross rent

$156.3K $38.88/SF

− Vacancy

−$29.1K −$7.23/SF

EGI

$127.2K $31.65/SF

− OpEx

−$31.8K −$7.91/SF

NOI

$95.4K $23.74/SF

Area

Los Angeles, CA

Vacancy

18.60%

Lease Rate

$38.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,908,400

Cap Rate 7%

$1,363,143

Cap Rate 9%

$1,060,222

Alternative Uses

Best Use

Office B

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,420 @ 7.0% cap · market cap 5.96%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$81.44M

$71.26M – $95.02M (±1% cap)

NOI $5,700,995 @ 7.0% cap · market cap 356.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

David O. Marlow ... Photography Service Jonny Marlow Photography Service Early Morning Riot Employment Agency

Suggested Use

Top Pick Law Firm Travel Agency (Bike/Boat/Book/etc) Store Butcher Electrical Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,284

Businesses Nearby

Explore this area Business Placement

Demographics for 90029, CA

34,695

Population

14,465

Households

2.4

Avg Household Size

37

Median Age

36%

College-Educated

76%

High-School Grad

1.4 sq mi

ZIP Area

24,782

Density / Sq Mi

$60,793

Median Household Income

$35,801

Median Earnings

$1,644

Median Rent

$1,066,200

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Los Angeles, CA

$553 Jul

$476 Aug

$545 Sep

$638 Oct

Properties on Market for Office buildings in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - The two-parcel offering carries C2 zoning and may be transferred vacant or with tenants in place.

Where is this office building located?

The property is located at 1070 Myra Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Two parcels include approximately 4,020 square feet of combined building area; Approximately 4,666 square feet of land; Primary building contains 3,220 square feet; second building adds 800 square feet