1070 Myra Avenue, Los Angeles, CA 90029

Building Details

Year built 1956 More

Buildings 2 More

Listing Agency: Keller Williams Realty d***@listhub.com Show Phone

Listed By: Roger D Phillips · License #01057506 Show Phone

Added: Nov 4 Last Checked: Nov 8 at 3:06AM

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MLS# P1-29476

Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This office property consists of two parcels with approximately 4,020 square feet of combined building area. The larger building contains 3,220 square feet, and the second building adds 800 square feet. The parcels together comprise approximately 4,666 square feet of land. C2 zoning applies; commercial uses are subject to City approval and applicable restrictions.

The property is near the intersection of Santa Monica Boulevard and Myra Avenue in the Silver Lake area of Los Angeles, with neighborhood shops and restaurants nearby. Delivery may be vacant or with tenants in place.

Key Highlights

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

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 can transfer vacant or with tenants in place, accommodating different ownership plans.

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; Main building contains 3,220 square feet; second building adds 800 square feet; Approximately 4,666 square feet of land across the parcels