Prime redevelopment opportunity: Large 11,559 SQ FT lot zoned RD 1.5-1XL, this property is the perfect opportunity for investors looking to build a multi-family development for either long-term investing or immediate post-development returns. Existing structure on the lot is a 3-bedroom, 2-bathroom single family home with a tear-down best use scenario.Initial analysis indicates a development up to seven units without any special exemptions, ideal for a mid-density townhome-style development. Recent sales of townhome style product range into the $800s per square foot.Lot size and orientation provide for unblocked views from all units, both reservoir and city views. Located in the very desirable Silver Lake neighborhood, this home boasts convenient access to the Westside and is within easy proximity to studios in Burbank and Hollywood. This is the perfect location for anyone in the entertainment or tech industries or families looking to enroll in the award-winning Ivanhoe School Dist
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