Description
* Lot size 9,920 sf.* Attention DEVELOPERS/INVESTORS! Location SILVER LAKE! Potential, Potential! Extraordinary opportunity for development or investment! * Prime location, corner lot, six-unit income property with possible development in quiet, residential Silver Lake neighborhood. First time on market in over 30 years. Silver Lake is a most sought after, up trending and upscale area, conveniently located near dining/entertainment, parks/recreation, DTLA and Hollywood.* Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to a developer in the future. * 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. This corner lot location in a quiet residential neighborhood features relaxed traffic flow and uncongested street parking, creating a comfortable and desirable living environment. * INVESTORS: This current six-unit income property has well below market rents, presenting significant upside rent potential. Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to developer at a future time. * Property is on the Northwest corner of Ellsworth St. & Robinson St. Property consists of two separate buildings on one corner lot. Lot size 9,920 sf.
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0.23ACRES
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01/2 BATHS
School Ratings & Info
Description
* Lot size 9,920 sf.* Attention DEVELOPERS/INVESTORS! Location SILVER LAKE! Potential, Potential! Extraordinary opportunity for development or investment! * Prime location, corner lot, six-unit income property with possible development in quiet, residential Silver Lake neighborhood. First time on market in over 30 years. Silver Lake is a most sought after, up trending and upscale area, conveniently located near dining/entertainment, parks/recreation, DTLA and Hollywood.* Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to a developer in the future. * 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. This corner lot location in a quiet residential neighborhood features relaxed traffic flow and uncongested street parking, creating a comfortable and desirable living environment. * INVESTORS: This current six-unit income property has well below market rents, presenting significant upside rent potential. Buyer can purchase this property now for investment/income, develop the property themselves in the future or sell to developer at a future time. * Property is on the Northwest corner of Ellsworth St. & Robinson St. Property consists of two separate buildings on one corner lot. Lot size 9,920 sf.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.