Property Detail

Description

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 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.