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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
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