Development opportunity in prime "Virgil Village" location adj. to Silverlake. Build into stabilized 6.5% cap rate upon lease up. Project delivered RTI "shovel ready". Build two duplexs behind existing SFR as follows: Duplex A- (2) 1,235 SF three-story 3bd/2.5ba townhouses w/ private rooftop decks w/ dramatic landmark & city light views. Duplex B- (2) 1,060 SF two-story 2bd/1.5ba townhouses, & 800 SF existing freestanding 2bd/1.5ba single family home. Each apartment home has W/D, and two parking spaces accessed through the rear alley. Existing home is 3BR and is currently being leased for $3,500/mo and can be delivered vacant. Situated in central location, two blocks from Metro & a few blocks from Silverlake's uber popular Sunset Junction. Walking distance to LA City College, restaurants, shops, markets with 90 walk score. Marketing package available upon request.
|Lot Square Feet||≈ 6,696|
|Area||671 - Silver Lake|
|Status||Active Under Contract|
|Listing Brokerage||Keller Williams Beverly Hills|
|Listing Agent||Shawn S. Kormondy|
|Listing Agent BRE #||01451888|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, September 25, 2017.
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