LP.com

Located in what is heralded as the EAST SIDE ABBOTT KINNEY this BEAUTIFUL FOURPLEX is a wonderful opportunity for investors and developers alike. Two units present a GREAT OPPORTUNITY for owner/user. Owners of adjacent buildings have expressed interest in selling, making this plot a PRIME LOCATION for mid-rise multiunit development. The location of this French Normandie building is SECOND-TO- NONE, as it is nested at the exact intersection of Silverlake, Los Feliz, and East Hollywood, just blocks from the many coffee shops, boutiques, and restaurants of Sunset Junction. NOTABLE RESTAURANTS & COFFEE SHOPS within walking distance include Sweetgreen, ShakeShack, Mendocino Farms, Intelligentsia, La Colombe, Tartine, and Salt and Straw. NOTABLE RETAILERS within walking distance include Aesop, Le Labo, Madewell, APC, and Buck Mason. NEIGHBORING SUPERMARKETS include Erewhon, Trader Joe’s and Whole Foods. Rental demand for the area is EXTREMELY HIGH, with major employers like Netflix and Kaiser Permanente just minutes by foot or public transportation. This location has been described as “a walker’s paradise” by WalkScore. The building is IN COMPLIANCE with all earthquake structural requirements as part of the City of Los Angeles Ordinances. The roof is less than a decade old and has been inspected, presenting no signs of damage. All units have SEPARATE METERS for gas and electricity keeping ownership costs minimal. Earthquake shutoff valves have been installed. Most units have been TASTEFULLY REMODELED and upgraded with brand new kitchens and electrical panels. All plumbing has been updated to a combination of copper and PVC. The building has been DILIGENTLY MAINTAINED providing the new ownership with minimal maintenance and maximum profits. This PRIME LOCATION in the up-and-coming East Hollywood corridor has great proximity to freeways as well as major retailers, while remaining within walking distance of Eastside/Silverlake recreational staples like the Silverlake Reservoir, Barnsdall Art Park, and Quentin Tarantino’s soon-to-reopen Vista Theatre.