Silverlake Development
701 N Vendome St,
Los Angeles, CA 90026
 
$1,300,000
Offering Price
1
# of parcels
$209
Price Per SF
LAR3-1VL
Zoning Type
6,212
Land SF
Fee Simple
Ownership Type
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$1,300,000
Offering Price
1
# of parcels
$209
Price Per SF
LAR3-1VL
Zoning Type
6,212
Land SF
Fee Simple
Ownership Type
Investment Summary
The property at 701 N Vendome St in Silverlake presents an exciting investment opportunity to purchase an owner user single family house prime for a 4-unit double duplex development. Zoned R3-1VL and a lot size of 6200 square feet, this property holds great potential for maximizing returns through a multi-unit development.
Development Potential
The lot size of 6200 square feet provides ample space for a 4-unit double duplex development. This configuration allows for four separate units, each with its own entry, offering privacy and a sense of individuality for future tenants. The flexibility of this layout can cater to various rental market demands, such as small families, roommates, or working professionals.
Attractive Rental Income
The high demand and limited supply of rental properties in Silverlake contribute to the potential for attractive rental income. The desirable location and amenities in the area allow landlords to command higher rental rates, maximizing the return on investment.
Diverse Tenant Pool
Silverlake's appeal extends to a wide range of potential tenants, including young professionals, artists, and families. The neighborhood's central location and proximity to employment centers, entertainment venues, and cultural attractions make it an attractive place to live. This diversity in the tenant pool provides investors with flexibility in catering to various rental market segments.
Location and Proximity
Situated in Central Los Angeles, Silverlake enjoys a central location with easy access to other popular neighborhoods. It is bordered by Echo Park to the northwest, Los Feliz to the northeast, Downtown Los Angeles to the southeast, and Westlake to the southwest.
Dining and Entertainment
Silverlake is known for its diverse and eclectic culinary scene. The neighborhood boasts a wide range of restaurants, cafes, bars, and food trucks offering various cuisines, including trendy eateries, vegan options, and international flavors. Additionally, the area is home to a vibrant nightlife with live music venues, clubs, and bars.
Desirable Neighborhood
Silverlake is a highly sought-after neighborhood known for its trendy and vibrant atmosphere. It has become a popular destination for young professionals, artists, and creatives. The area offers a mix of residential streets, commercial districts, and recreational spaces.
Arts and Culture
Silverlake has a thriving arts and cultural scene. It attracts many artists, musicians, and creatives, contributing to a vibrant community. The neighborhood is dotted with art galleries, theaters, and performance spaces that showcase local talent and host cultural events.
Outdoor Recreation
Apart from the Silver Lake Reservoir, the neighborhood offers several parks and recreational areas. Bellevue Park, Silver Lake Meadow, and the nearby Elysian Park provide opportunities for outdoor activities, picnics, and relaxation.
FOR MORE DETAILS CONTACT
Jordan Petito
Managing Partner
(310) 734-2245
team@americapartner.com
02023714
Ariel Sayani
Partner
(310) 968-7711
ariel.sayani@kw.com
02072610
Navid Toomarian
Senior Associate
(818) 605-4134
navidt.re@gmail.com
207068881
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