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.
|Last Updated||7/19/2017||Year Built||0|
|Community||671 - Silver Lake||County||Los Angeles|
|Prior to Jun 29, '17||$1,300,000|
|Jun 29, '17 - Today||$1,295,000|
|AREA||671 - Silver Lake|
|LOT||6534 sq ft|
|VIEW DESCRIPTION||City Lights,Landmark|
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