Development opportunity in prime "Virgil Village" location adj. to Silverlake. Build into stabilized 6.5% cap rate upon lease up. Project is LADBS plan check approved. Buyer to pull permits and build. Build two duplexs behind existing REMODELED SFR as follows: Duplex A- (2) 1,235 SF three-story 3bd/2.5ba townhouses w/ dramatic landmark & city light views. Duplex B- (2) 1,060 SF 2bd/1.5ba, & 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 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|
|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, April 9, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.