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Multifamily Property with Vacant Units
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979 Manzanita St, Los Angeles, CA 90029

Six-unit multifamily property includes three gutted vacant units and requires a softstory retrofit for one structure.

Property Size4,619 SF
Lot Size0.17 Acres
Days on Market121

Property Features for 979 Manzanita St

General Information

Standard status Active
Size 4,619 SF
Lot size 0.17 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 6
Listing Agency: Lee & Associates - LA North - Sherman Oaks
Listed By: Warren Berzack · License #CA 01329015
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - LA North - Sherman Oaks

Investment Insights

Based on property information with market context.

The Manzanita is a 6-unit multifamily property in Silver Lake, California, with three structures totaling 7,440 square feet. The current total building square footage is 4,619 and offers one- and two-bedroom apartment homes across a variety of floor plans. Three units are vacant and have been gutted for a potential remodel. The remaining three units are in the process of utilizing the Ellis Act, which has been on hold through the Pandemic; the process can be reversed if a buyer chooses to remodel and reposition the property. One structure requires a softstory retrofit.

The property is offered for sale with multiple structures on-site, including units that are already prepped for renovation and units subject to the Ellis Act process.

Key Highlights

  • 6 total unit multifamily property in Silver Lake, CA, with one- and two‑bedroom apartment homes across varied floor plans
  • Total site size is 7,440 SF with 3 structures and 4,619 SF total current building area
  • Three units are vacant and already gutted for a potential remodel

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Travel Agency Tech Support Center (Bike/Boat/Book/etc) Store Butcher 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.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,912
Businesses Nearby

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

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily property includes three gutted vacant units and requires a softstory retrofit for one structure.
Where is this apartment building located?
The property is located at 979 Manzanita St Los Angeles, CA.
What are key features of this property?
This property features: 6 total unit multifamily property in Silver Lake, CA, with one- and two‑bedroom apartment homes across varied floor plans; Total site size is 7,440 SF with 3 structures and 4,619 SF total current building area; Three units are vacant and already gutted for a potential remodel
(818) 986-9800 Call to check price and availability
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