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2413 Griffith Park Blvd
Los Angeles, CA 90039

$2,500,000 USD

Land For Sale  •  0.4 AC

Property Details

  • Property Type Land
  • Lot Size 0.4 AC
  • Zoning (Q) C2-1-VL & RD2-1-VL
42 Transit Score
88 Walk Score

Description

±17,435 SF of Land, the property stretches from Griffith Park Blvd to Hyperion Ave, making it a one-of-a-kind opportunity for an investor seeking to add ADU's or develop in the future. Current property is a 12-unit + 1 Guest Room & 1 Non-Conforming multi-family property located in the highly sought-after neighborhood of Silver Lake, adjacent to Los
Feliz. The property is being offered for sale by the original developer’s family and is delivered with 8 VACANT UNITS, presenting a significant opportunity for
value-add investment.

The offering consists of 3 separate buildings, constructed in 1948, 1953, 1962 and 1966, with a majority of single-story units. The unit mix includes 11 one-bedroom/one-bath units and 3 studio units. According to publicly available Certificate of Occupancy records, the total square footage is approximately ±6,479 SF. The property is zoned both (Q) C2-1-VL on the Hyperion side and RD2-1-VL on the Griffith Park side.

Strategically located in the heart of Silver Lake, this property boasts a Walk Score of 88 (“Very Walkable”), where most errands can be completed on foot. It’s just 1 mile from the iconic Sunset Junction, home to popular destinations like Intelligentsia, La Colombe Coffee, San To, Wasteland, Silver Lake Farmers Market, Tartine, Sweetgreen, Indigo, Bacari, Maison Kitsune Paris, Café Stella, and Kombu Sushi. Additionally, it’s just blocks from Trader Joe’s and Gelson’s in Silver Lake, and mere minutes from the bustling retail corridor of Hillhurst Ave in Los Feliz, offering an abundance of dining, shopping, and entertainment options.

**Disclosure:** Buyers are advised to conduct thorough due diligence, including verification of LEGAL building square footage, LEGAL unit count, lot size,
legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, soft-story compliance, and the feasibility of constructing
ADUs, additional units, or development feasibly.

**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

Highlights

Eric Dilanian is presents ± 17K SF of Land Spanning from Block to Block (Griffith Park Blvd to Hyperion Ave)
Currently there are (3) Buildings with a Total of 12 Units +1 Guest Room & 1 Non-Conforming Unit in Prime Silver Lake
High Vacancy: Delivered with (8) Vacant Units
Unit Mix: Comprised of 11 (1+1) & 3 (0+1) Units | Majority Single Story | 2 Units Do Not Have Kitchens
Year Built & Zoning: 1948, 1954, 1962 & 1966 | (Q) C2-1-VL and RD2-1-VL
Development Opportunity & ADU: Immediate Opportunity to Add ADU(s) & Future Development Opportunity Buyer to Verify Feasibility

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 2.1 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 9 min - 4.8 mi
AirportDriveWalkDistance
Bob Hope 18 min - 12.4 mi
Los Angeles International 31 min - 17.5 mi
Long Beach (Daugherty Field) 38 min - 27.4 mi
Eric Dilanian 213-233-4379 RE/MAX Commercial & Investment Realty
Eric Dilanian 213-233-4379 RE/MAX Commercial & Investment Realty