1255 Lyman Place 4603 La Mirada Ave 9 Unit Apartment Building $6,166,845 CAD ($685,205 CAD/Unit) 5.18% Cap Rate Los Angeles, CA 90029

The LAAA Team of Marcus & Millichap is pleased to present a boutique multifamily portfolio located at 4603 La Mirada Avenue (three units) and 1255 Lyman Place (six units) in the highly desirable Los Feliz submarket of Los Angeles. Offered together, this nine unit collection delivers a rare opportunity to acquire a design forward, low density portfolio featuring flexible furnished living, modern smart-home amenities, and architectural character in one of the Eastside’s most supply-constrained rental markets. The Offering is well positioned for investors seeking differentiated assets with strong tenant appeal and long-term hold fundamentals.

4603 La Mirada Avenue and 1255 Lyman Place consists of two adjacent properties totaling nine (9) units, including a three-unit building at 4603 La Mirada Avenue and a six-unit building at 1255 Lyman Place, both designed by renowned architect Dean Levin. Levin, who trained in architecture at Pratt Institute in New York founded 22RE in 2021 with a specific focus on extending and elevating Los Angeles' Spanish Revival and midcentury modern homes. Paying homage to Mid-Century Craftsman roots, the villas seamlessly integrate modern functionality with curated finishes and automated living spaces. Units may be delivered furnished or unfurnished, with furnishings removable upon request, allowing operational flexibility. Interiors feature in-unit washer/ dryers, air conditioning, hardwood and tile flooring, plaster and tile-finished bathrooms, and fully equipped kitchens with premium appliances including dishwashers, microwaves, ovens, refrigerators, freezers, and integrated coffee systems. Select units offer dining rooms, office spaces, and built-in bookshelves. The gated, smoke-free community also includes yard space, concierge-style services, and a tranquil residential setting that enhances tenant comfort and retention.

Located in Los Angeles County within the 90029 ZIP Code, 4603 La Mirada Avenue and 1255 Lyman Place benefits from a prime Los Feliz location with immediate access to the Eastside’s most coveted lifestyle amenities. The property is within walking distance to Erewhon Silver Lake, Saffy's, and a growing collection of acclaimed dining, retail, and cultural destinations throughout Los Feliz and Silver Lake. Residents enjoy convenient connectivity to Downtown Los Angeles and direct access to the 101 Freeway, positioning the portfolio near major employment hubs while retaining a neighborhood-oriented residential feel. Los Feliz remains a high-barrier, high-demand submarket characterized by limited new supply, strong demographics, and consistent renter demand driven by walkability, character housing stock, and proximity to the city’s creative core.