659 Imogen Ave presents a prime value-add opportunity in the heart of Silver Lake, one of Los Angeles' most dynamic and consistently in-demand rental submarkets. Located just south of Sunset Boulevard, this offering includes two side-by-side fourplexes situated on an expansive 15,026 square foot lot zoned LARD2. With a total of (8) large one-bedroom, one-bathroom units averaging approximately 890 square feet, 659 Imogen Ave is perfectly positioned to appeal to the area’s steady stream of high-income renters working in creative industries, media, and tech.

Each unit is bright and well-maintained, featuring original hardwood flooring, abundant closet space, and in-unit washer/dryers. The current interiors provide a strong foundation for a modern renovation program, allowing a future owner to capture the roughly 23% rental upside based on market comps for renovated Silver Lake multifamily product. Every unit is separately metered for gas and electricity, offering long-term operational efficiency for investors.

659 Imogen’s outdoor footprint enhances its long-term potential. Residents enjoy a gated and automatic entry, a shared front yard, and a spacious communal outdoor area ideal for gatherings or lifestyle upgrades. The property also includes 8 tandem parking spaces—an increasingly valuable amenity in this high-density neighborhood. With the potential to add one or more ADUs (buyer to verify), the site offers additional flexibility for increasing income and long-term value.

Located minutes from Sunset Junction, Erewhon, Intelligentsia, and countless other lifestyle hotspots, 659 Imogen Ave combines stable tenancy, tangible rental upside, and a rarely available footprint in a walkable, supply-constrained corridor. Investors seeking a well-located Silver Lake multifamily asset with meaningful upside and long-term appreciation potential will find this opportunity compelling on multiple fronts.