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17 UNITS | SILVER LAKE
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  • Summary
  • Location
  • Walk Score

We are pleased to present for sale a VACANT, prime Silver Lake Multifamily building just one block from Sunset Junction. This investment opportunity offers a buyer the ability to immediately renovate, design, and lease 21 apartment units in an extremely desirable rental location. The Property is anticipated to be stabilized around 5.50% Cap Rate post-renovations. The Property will be delivered with RTI Permits to convert the building from the existing 17 units to a permitted 21 units (20 units + 1 ADU) with an excellent unit mix and large floor plans. There are 18
on-site parking spaces and secure storage for 12 bicycles.

Located across the street from a new 100-unit apartment development coming soon and less than 1 mile from the Kaiser and Children’s Hospitals as well as Metro stations, Vermont/Santa Monica & Vermont/Sunset. Surrounded by restaurants, bars, retail and new developments, it is one of the most sought after rental locations in Los Angeles. Buyer to independently investigate the accuracy of all information provided.

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Walk Score

90

Bike Score

79

Transit Score

64

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