1217 Westerly Ter 4 Unit Apartment Building $2,248,695 CAD ($562,174 CAD/Unit) 5.90% Cap Rate Los Angeles, CA 90026

Marcus and Millichap is pleased to present a four (4) unit apartment building located at 1217 Westerly Terrace in Los Angeles, California. The subject property is located in a prime Silver Lake location, just north of Sunset Blvd and east of Silver Lake Blvd.
Located in the heart of Silver Lake, 1217 Westerly Terrace is a distinctive hillside fourplex offering a rare combination of owner-user flexibility, value-add potential, and exceptional walkability. The property boasts a 94 Walk Score (“Walker’s Paradise”) and is just minutes from Sunset Junction’s renowned dining, retail, and entertainment destinations. Its unique tiered layout positions each unit at a different elevation with no shared walls, creating enhanced privacy and a single-family home feel. Immediate occupancy flexibility allows new ownership to implement its own leasing strategy and capitalize on strong rental demand. Additional highlights include a desirable unit mix consisting of 75% two-bedroom units, approximately 25% rental upside, multiple ADU conversion opportunities, and a completed SB721 inspection, helping streamline buyer due diligence.
This offering presents a rare opportunity to acquire a truly unique Silver Lake asset combining exceptional walkability, owner-user flexibility, and long-term value-add potential in one of Los Angeles’ most sought after rental markets.