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SILVERLAKE MIXED USE DOUBLE LOT
FOR SALE OFFERING MEMORANDUM
THE PRESTIGIOUS ESTATES I 3801 DELONGPRE AVE / 1901 HYPERION AVE LOS ANGELES, CA 90027, UNITED STATES
OFFERING SUMMARY Prime Location in Silverlake, Only 2 Blocks From Sunset Blvd.
The Prestigious Estates at Silverlake is a unique property, consisting of two lots, and extremely well located near the 101/5 freeways, and mere blocks from Sunset and the hip and center of Silverlake busy area called “Sunset Junction”. This locations offers a rare opportunity for keeping as-is for income source, or a excellent site for development. The walkable community of Silverlake offers an array of restaurants, gastropubs, grocery, and fitness. Walk to your favorite coffee shop every morning. This mixed use Commercial/ Residential property presents an exceptional investment or owner-user opportunity. The property features ample on-site parking off street which is crucial for this area. Commercial unit along street, apartment above, and take a walk up the stairs to Two separate homes/apartments. One single story 1 bedroom / 1 bathroom; and one two-story, two bedroom / two bathroom. Both have gated private yards and ultimate relaxation elevated from the street. Asking price: $3,410,000
PHOTO GALLERY
1901 HYPERION AVE. 2BD/2BA RENT: $2300 APPROX 1600 SQ. FT.
3801 DELONGPRE 1BD/1BA 820 SQ. FT. RENT $3391/MONTH
1903 HYPERION. RESTAURANT . PRO-FORMA RENT $4500/MONTH
1903-1/2 HYPERION. 1BD/1BA. RENT $1648/MONTH
INVESTMENT HIGHLIGHTS $3,410,000 - PRO-FORMA 4.1% CAP RATE - AMAZING SILVERLAKE LOCATION
•8,315 SQUARE FOOT ON 2 LOTS •EXCEPTIONAL LOCATION CLOSE TO SUNSET •BLOCKS FROM “SUNSET JUNCTION” •OFF-STREET PARKING 5 TANDEM SPOTS •3 SEPARATE STRUCTURES •4 UNITS: 3 RESIDENTIAL, 1 COMMERCIAL •NEWLY RENOVATED RESTAURANT •MODERN UPDATED LIVING IN ONE UNIT •PRIVATE YARDS AND DECKS
PROPERTY DATA
PRODUCT TYPE: MIXED USE LEASE TYPE: MONTH TO MONTH
LOT SIZE: 8315 SQUARE FEET BUILDING AREA: APPROX 4090 SQUARE FEET
PRICE PER SQ FT: $800 ZONING: COMM/OFC/MIXED AND SFR
PRO-FORMA GROSS: $142,08 ACTUAL GROSS: $88,068 ( RESTAURANT VACANT)
*BUYER TO VERIFY
MARKET COMPARABLES
• Property Address: 2173 Redcliff Street.
• Submarket: Silverlake
• Sale Price: $5,225,000
• $/SF: $1,486
• SF: 3,515
• Built: 1954
• Sale Date: December, 2018
MARKET COMPARABLES
• Property Address:2130 Griffith Park Blvd.
• Submarket: Silverlake
• Sale Price: $5,100,000
• $/SF: $1,958
• SF: 2604
• Built: 1953
• Sale Date: August, 2018
MARKET COMPARABLES
• Property Address: 2130 Cove Ave.
• Submarket: Silverlake
• Sale Price: $8,120,000
• $/SF: $3,515
• SF: 2,310
• Built: 2005
• Sale Date: March, 2018
CONTACT
CONTACT INFO
Chris Lansing / Lansing Companies:
Office: 858-523-0719
Email: [email protected]
Disclaimer: This document has been prepared by Lansing Companies LLC for marketing and general information purposes only. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Lansing Companies LLC disclaims any liability arising from or relating to inaccurate or incomplete information.
