Property Detail

Description

Rare 9,032 SF multifamily lot in Silver Lake-adjacent Los Angeles (90026). Offered at $1,250,000 ($422/SF). Value-add triplex, RAS3 zoning, confirmed 3-unit C of O but recorded as a fourplex on title, with a path to restore the 4th legal unit (buyer to verify). Lot size and unit count may also qualify for up to 4 ADUs by-right under SB 1211's ministerial approval (buyer to verify). Vacant 4BD/2BA front unit ready for owner-user or immediate lease-up at $4,500/mo market rent; rear duplex carries 210%+ rent upside on turnover. 4.61% current cap rate / 6.15% pro forma, no construction required. Seller has upgraded the roof, electrical panels, and copper plumbing throughout. Last non-redeveloped lot on this block of Robinson St; every neighboring parcel already rebuilt as new construction. Minutes to Silver Lake, Echo Park, East Hollywood, Koreatown, Larchmont.