Excellent 3-parcel development opportunity with attractive financing in the heart of Silver Lake minutes from trendy Silver Lake/Echo Park restaurants and attractions! There is an assumable loan of approximately $520,000 available to a buyer with interest only payments of $2,600 per month until October 1, 2027 with the possibility of… Read More extending the term longer! Consisting of 3 contiguous parcels with total approx. square footage of 16,591, the hillside parcels zoned LAR2 can be used to build several multi million dollar homes or duplexes. There are preliminary plans available for the construction of 3 side-by-side duplexes or buyer can build their dream home or development consisting of several fully detached single family homes! New construction homes on similar hillside lots have recently sold for $3 to $4 million each. Access to the three lots is available from Moore St with access to utilities. Take advantage of the beautiful unobstructed city views from the lots and build your dream development in a highly coveted location minutes from the Silverlake Reservoir, Silverlake Dog Park, as well as a short drive from the area's best restaurants and coffee shops. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Lot Size
0.38 Acres
MLS Number
SR25081555
30 Days Snapshot Of 90039
$1,245k
-26%
(avg) sold price
14
-30%
homes sold
69
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Community
Gutters, StormDrains, StreetLights
Lot
0.3809 acres, 16,591 square feet, Size: 16,591
Property
Zoning: LAR2, CityLights, Hills
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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