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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
