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$ 1,099,000
Est. payment | /mo
6,752 Sqft Lot
$ 1,099,000
Est. payment | /mo
6,752 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25239726
Lot Size 6,752 Sqft
Property Sub-Type Lots/Land
Property Description
1159 N Berendo St is an incredible opportunity to build a new construction multi-unit development in East Hollywood, walking distance to Silver Lakes Sunset Junction! 1159 N Berendo St is an SB-8 EXEMPT, NON-RENT CONTROLLED, OPPORTUNITY ZONE, FLAT, LARD1.5-1XL-zoned lot: an increasingly rare find in the LA landscape. With limited SB-8 exempt properties available, this is a prime chance to build without tenant relocation delays or replacement unit requirements, saving both time and money. DOUBLE LOT OPPORTUNITY: The neighboring lot, 1165 N Berendo, is also available and can be purchased alongside this property for a maximized exit price. Positioned just off Vermont and Sunset, the location offers unbeatable walkability to some of the citys most desirable amenities. Future tenants will enjoy coffee at Go Get Em Tiger, brunch at Square One, and local favorites like HomeState and Maru Coffee. LA City College is only steps away, attracting student renters, while the Vermont/Sunset Metro Station provides easy access to Downtown and Universal City for working professionals. The nearby Kaiser Permanente medical campus ensures steady demand from staff and travel nurses. Barnsdall Art Park, Erewhon, and Sunset Junction are also less than a mile away, cementing this address in one of the citys trendiest pockets. The LARD1.5 zoning allows for four residential units (plus potential ADUs), with additional density possible under Executive Directive 1 (ED-1). As Los Angeles continues its push for more housing, ED-1 projects in highly desirable neighborhoods like this stand to see outsized
Location
State CA
County Los Angeles
Direction From the 101 Freeway, take the Santa Monica Blvd exit. Head east on Santa Monica Blvd for about half a mile, then turn left on B
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5540023011
Virtual Tour https://www.myunits.com/buy/1159nberendo
Listed by Lauren Cearley Myunits.com Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "