• 9,920 sq.ft. lot
offered at $2,599,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1929

Property Description

Six units on huge 9,920 sf lot. LOCATION, LOCATION, LOCATION! Extraordinary opportunity for development or investment! This Silver Lake neighborhood has begun an early, entry-level phase of gentrification (last month Target & CVS opened several blocks away), providing real estate-savvy investors with a potential excellent short-term or long-term upside investment opportunity. Prime corner lot location in a quiet residential Silver Lake neighborhood with relaxed traffic flow and uncongested streets, creating a comfortable an desirable living environment. Property is on the NW corner of Ellsworth St. & Robinson St. Six units in two buildings – 6,928 sf. One building has (2) three bedroom, two bath units. Second building has (2) two bedroom, one bath units and (2) one bedroom, one bath units. **INVESTORS** This six-unit income property has well below market rents, presenting significant upside rent potential. **DEVELOPERS** Potential Small Lot Development, similar to recent, nearby developments on Hyperion Ave. and Lucile Ave. Check with city as to the viability and possibility of Small Lot Development. As a possible development opportunity, buyer must verify ability to build to their own satisfaction. Buyer can purchase this property now for income/investment, develop the property themselves in the future or sell to a developer in the future. This property is also listed as MLS “Land” – MLS SB22232599

Listing Courtesy of Kikuo Takahashi, Kasumi Realty, Inc.

Exterior Features

Exterior Features: Curbs
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of March 26, 2023. 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.