Silver Lake Multifamily Broker

Whether you’re selling a character fourplex near Sunset Junction or a hillside value-add asset overlooking the Reservoir, our targeted marketing and deep buyer network position Silver Lake multifamily properties for maximum exposure and pricing precision.

Silver Lake Multifamily Market Snapshot

Silver Lake sits at the center of Northeast Los Angeles’ ongoing evolution — a neighborhood that has transformed from an under-the-radar creative enclave into one of L.A.’s most design-forward and investment-attractive submarkets. Demand remains driven by proximity to Downtown L.A., Hollywood, Glendale, and Pasadena, combined with Silver Lake’s walkability, restaurant scene, and hillside character.

In recent years, new construction has accelerated across Northeast L.A., particularly along Sunset Boulevard and major corridors. That wave of higher-end development temporarily pushed vacancy higher, especially in luxury 4 & 5 star properties still in lease-up. However, the majority of Silver Lake’s inventory remains older 1920s–1960s construction, where vacancy has stayed comparatively tight and tenant demand remains steady.

Rents in the submarket are generally below Westside levels, but newer construction has proven that high-income renters are willing to pay premium pricing for modern product in this location. That bifurcation — stabilized vintage assets versus new luxury lease-ups — creates opportunity for value-add investors who understand positioning, renovation strategy, and tenant demographics.

Sales volume has moderated from the 2021–2022 peak, largely due to higher interest rates and transfer tax impacts, but pricing has stabilized after correcting from prior highs. Smaller 6–20 unit properties continue to trade between private investors, and well-located assets with upside remain competitive.

Overall, Silver Lake offers a compelling mix of long-term appreciation potential, cultural cachet, and diverse renter demand — making it one of the most dynamic multifamily submarkets in Los Angeles.

AVG CAP RATE

~5.0% – 5.8%

AVG PRICE PER UNIT

$300,000 – $360,000

VACANCY RATE

6.5% – 7.5%

RENTAL GROWTH

-1% YoY

Our Recent Multifamily Sales in Silver Lake

four unit property in silver lake with DTLA views

1303 Lucile Ave, Los Angeles, CA 90026

Sold for $1,640,000 | 4 Units Built in 1925

The Glaser Group exclusively represented a long term owner in this sale who had owned the property for 25+ years and plans to exchange the proceeds into passive DST investments. The property was a spacious and versatile fourplex located in the highly coveted Silver Lake neighborhood, just below Sunset Junction. Sold for $1,640,000, this rare, 100% vacant asset presented an exceptional opportunity for redevelopment with room for 4 detached ADUs to be constructed in the back of the lot.

Notably, we were able to generate six competitive offers from our proprietary investor database prior to publicly launching the listing on the MLS.

The transaction closed swiftly with a smooth, 21-day & fully non-contingent escrow, funded with bridge & construction debt from Genesis Bank. The property consists of four large units — (2) 1-bedroom/1-bath and (2) 2-bedroom/1 bath — each averaging over 1,000 square feet, offering flexibility for reconfiguration or additional bedrooms.

1920s stucco apartment building from street

1159 N Virgil Ave, Los Angeles, CA 90029

Sold for $1,562,626 | 4 Units Built in 1924

The Glaser Group represented both the buyer and seller in the sale of a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Sold for $1,562,626, this is the 2nd time our team sold this property.

The transaction was fully non-contingent from Day 1 and closed within 22 days off market. The buyer secured high LTV bridge construction financing with Genesis Bank. The property sold for $390K per unit and $452/SF. Notably, we previously closed this same property on 1/14/25 for $1,240,000, meaning our team sold it twice in just 37 days!

We also helped the Seller facilitate two cash-for-keys tenant buyouts, resulting in a 100% vacant asset at close of escrow!

Built in 1924, the property offered a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet.

mid century apartment building with tuck under parking area

122 N Rampart Blvd, Los Angeles, CA 90026

Sold for $1,445,000 | 8 Units Built in 1960

The Glaser Group represented both sides in the sale of an exceptional 8-unit investment property located in the rapidly growing Rampart Village neighborhood, adjacent to Silver Lake. Built in 1960, this well-maintained mid-century apartment complex offered a strong unit mix of (6) 1-bedroom/1-bath units and (2) 2-bedroom/1-bath units, totaling 4,446 square feet of living space on a 6,878 SF R3-zoned lot.

Our team represented an out-of-state seller who had owned the asset for over a decade and was looking to 1031 exchange their equity out of Los Angeles and California altogether. By leveraging our extensive investor database, we generated 8 competitive offers within the first 11 days of listing. After a round of multiple counters, we secured a strong buyer and successfully closed escrow with the first buyer we opened with. Utilizing a seller replacement property contingency, our client was able to identify and secure an up leg multifamily property in North Carolina prior to the buyer proceeding with their loan.

See Our Full List of Closings
See Our Full List of Closings
A smiling man in a dark suit, white shirt, and red tie stands against a dark background.

Meet Your Silver Lake Multifamily Expert

Jake Glaser: Top 1% Silver Lake Apartment Agent

Jake Glaser is the Principal Broker & Founder of The Glaser Group, specializing in the sale of apartment buildings in Silver Lake & Los Angeles. Jake is one of the highest transacting apartment building brokers in LA, with over $65 million closed in 2025 alone across 35 transactions. He advises his clients in the acquisition and disposition of multifamily properties across the city, ranging from 4-plexes up to large apartment complexes in the $1M - $25M range. In total, he has closed over $225 million of commercial and multifamily volume within LA County, and he is the #1 producing agent at Lyon Stahl Investment Real Estate in Century City.

In addition to multifamily and commercial dispositions, he specializes in 1031 exchanges on a national level, having helped countless clients reposition their portfolios by trading their assets into local and out-of-state multifamily, triple-net, and DST opportunities.

Let’s connect today to start an honest, open dialogue about your unique situation to see how we can better your position, whether it be now or in the future.

Our Team
Our Team

  • Apartment building values in Silver Lake depend on:

    • Current rental income and upside potential

    • Unit mix (1BR vs 2BR vs studios)

    • Renovation level

    • Parking and ADU potential

    • Location (Sunset Junction vs hillside vs near Reservoir)

    • Buyer demand and interest rates

    Silver Lake is one of Los Angeles’ most supply-constrained submarkets, which often creates strong pricing for well-located properties.

    Most owners are surprised to learn that pricing is driven more by future rent potential and buyer expectations than just current income.

  • Silver Lake remains one of the most desirable multifamily submarkets in Los Angeles due to:

    • Walkability

    • Lifestyle demand

    • Strong renter demographics

    • Limited new development

    Even in shifting interest rate environments, buyer demand for Silver Lake properties tends to remain consistent because inventory is low.

    The right timing depends on:

    • Your equity position

    • Rent control status

    • Deferred maintenance

    • Whether you plan to 1031 exchange

    A strategic sale timing can significantly impact net proceeds.

  • Most apartment buildings in Silver Lake built before October 31st, 1978 fall under the City of Los Angeles Rent Stabilization Ordinance (RSO).

    This affects:

    • Annual rent increase limits

    • Eviction rules

    • Value-add strategies

    • Buyer underwriting

    Understanding how RSO impacts pricing is critical when preparing a property for sale.

  • Cap rates in Silver Lake typically trade lower than many other LA neighborhoods due to:

    • Strong rental demand

    • Desirability and lifestyle appeal

    • Limited available inventory

    However, cap rates vary significantly based on:

    • Property condition

    • RSO exposure

    • Tenant profile

    • Upside potential

    Fully marketed trades can sometimes achieve premium pricing when properly priced & positioned to the right buyer pool.

  • In most cases, strategically marketing a Silver Lake apartment building to the full buyer pool produces stronger results than limiting exposure.

    Silver Lake attracts a wide range of buyers, including:

    • 1031 exchange investors

    • Private local investors

    • Value-add operators

    • Long-term hold buyers

    • Out-of-area capital targeting prime LA neighborhoods

    When a property is properly positioned and exposed to the entire qualified buyer pool, it can:

    • Create competitive tension

    • Generate multiple offers

    • Strengthen your negotiating leverage

    • Improve price and terms

    • Reduce re-trade risk

    Even in more balanced markets, broad exposure — when managed correctly — often results in better net proceeds than a quiet, limited approach.

    The key is not just listing the property, but controlling the process, timing, and buyer communication to maximize leverage.

Frequently Asked Questions About Silver Lake Multifamily

  • “Jake & his team assisted me with a complex multifamily property 1031 Exchange. Jake got me out of heavily demanding downleg properties into hands off NNN trophy properties on the upleg. He handled so many uncontrollable variables with great professionalism, and made the whole process as smooth as possible. Because of Jake and his expansive contacts and foresight, we closed my 1031 Exchange 90 days early and have already started to reap the rewards of monthly rental income that much sooner. I would highly recommend Jake & his team to assist anyone with their real estate needs.”

    — Matt Schneider, Casablanca Property Management

  • "Our experience with Jake Glaser could not have been better. From the start of the listing to the close was about 5 weeks. He was always available when we called and answered all our questions quickly and comprehensively. We give him the highest marks for professionalism. Thank you, Jake."

    — Dana Waldhorn, Family Trust

  • "Jake did an excellent job of representing the seller, managing the transaction, coordinating the due diligence, overseeing escrow and the delivery of all documents, etc. that ultimately resulted in a smooth and efficient closing in a very rapid time frame. In addition, his social media and Twitter skills are legendary and inspiring."

    — Jerry Fink, The Bascom Group

  • "Jake Glaser represented my family with the sale of a complicated multifamily property and was nothing short of amazing. From our very first meeting to after the close of the sale, he was easy to work with and beyond responsive, including emails at 1AM! He had buyers within the first week without even hitting MLS. We are so grateful for his hard work, his ability to listen and navigate multiple family members, and his expertise. We will definitely look to him again for future sales."

    — Cathy Flores, Family Trust

  • “We were extremely pleased with the excellent job by Jake on our transaction. He represented us on the purchase of our new multifamily property in Beverly Grove, and his deep understanding of the local market and negotiation skills put us in the best possible position. He was a great communicator, easy to work with, and always put our interests first. I would recommend him to anyone looking to buy or sell LA multifamily.”

    — Daniel Golchian, Physician and CRE Investor

  • "I would highly recommend Jake to anyone that has an investment property in the greater Fairfax/Hollywood area they wish to sell. He works hard to find a buyer for the property, trying all kinds of marketing solutions. He also is great at keeping sellers up to date on what is happening in the marketplace."

    — Edie Brodsky, Retired Realtor & Investor

  • "Jake was our sales broker for two multifamily apartment buildings (8 & 4 plex) in the East Side of LA. My brother, sister and I vetted several brokers and we all felt that Jake was much more service oriented (vs. transactional). Jake is easy to work with, always available, extremely responsive and patient (had to deal with three strong willed siblings)."

    — Juan Garcia, Family Trust

  • "Jake Glaser has represented me exclusively on my last few single tenant NNN acquisitions. He is extremely easy-going but has great follow through and gets results and answers for me. He’s also consulted for me on other NNN related matters even when he couldn’t represent me. I think integrity and perseverance are really important qualities in a real estate broker and that’s why I feel most comfortable having Jake represent me. I also feel like I benefit from Jake’s connection to the nationwide network of Matthews agents, which helps us make informed decisions when considering opportunities across the entire country."

    — David Mozes, CRE Investor & Restaurateur

  • “We really appreciated the time and effort taken to get to know my family and our particular needs. Jake was always willing to answer any of our questions and concerns and patient enough to understand that the worry we felt while going through the 1031 process was normal. Jake and his partner Dan really did help us find exactly what we were looking for. Thank you!”

    — Monica Torres, Family Trust

  • "Jake was incredibly professional and nice to work with! In today's world, finding a honest broker is always worth mentioning. I whole heartedly recommend Jake!"

    — Rod Goldberg, Dadson Laundry

  • “I had the pleasure of having Jake Glaser sell my property. He was straight forward in his approach, was always available to answer questions, and did a wonderful job throughout escrow. It was as smooth transition and he comes highly recommended.”

    — Yaniv Farbenbloom, Physician and CRE Investor/Syndicator

  • "Jake was a knowledgeable advocate in the sale of the property. He provided helpful guidance throughout the entire sale process. He was always available when questions arose, and went beyond the extra mile whenever necessary."

    — Anthony Stein, Family Trust

  • “I used Jake Glaser to sell our beloved 5-unit apartment building in Los Angeles. He made the process so easy, was beyond calm during every little thing that came up, and got us the most money for our property. I would definitely (and already have) recommend Jake and Matthews™ to anyone selling a multi-unit...As I told Jake at the end “let’s do this again!” 

    — Kristin Stanley, Private Investor

  • “Jake Glaser represented our acquisition of a multifamily property in Los Angeles. Jake’s experience and expertise helped make the transaction enjoyable, easy and fast. He made himself available at all times for us, while going above and beyond to assist us with everything needed. Jake is always factual and accurate and always had our best interests in mind. His responses were always immediate and our communication was excellent.”

    — Aryeh Hoffman, Hoffman Brothers Realty

  • "Jake was highly responsive and had strong knowledge of various real estate topics."

    — CT Tsui, Multifamily Developer

  • “We had a great experience with Jake and are very grateful for his help. We would definitely want his help again in the future.”

    — Lida Aghakhanyan, Private Investor

Curious what an apartment building in Silver Lake could sell for?

Request a complimentary property valuation today.

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