3700 W Sunset Blvd. Los Angeles, CA 90026
OFFERING PRICE: $3,950,000
MVP Commercial Investment Real Estate is pleased to present The Edgecliff Apartments–a sixteen (16) unit multifamily investment opportunity located in the highly desirable Silver Lake submarket of Los Angeles 3 blocks from the famous Sunset Junction. This two story, wood frame stucco building consists of 8,892 SF of living area and is situated on a 6,726 SF lot zoned [Q]C2-1VL.
With its exceptional location in prime Silver Lake, a very densely populated submarket of Los Angeles, a strategic investor will have no problem leasing the units in a high rental demand area and will benefit from the tremendous value add component of this property by taking advantage of natural turnover to rehab the units and rent them for market rates. Some units in the building contain beautiful, unobstructed views of the Hollywood sign and the property is designated as a Walker’s Paradise with a Walk Score of 94!
This building features: Eight (8) Studio units and Eight (8) One Bedroom / One Bath units. The property also has an on-site laundry room which is currently being used as storage space. A new owner may be able to convert this space back to on-site laundry facilities to maximize the property’s income or possibly convert into a small retail space (Buyer to Verify). All units are individually metered for electricity and 14 of the 16 units are individually metered for gas. The property contains one (1) tandem parking space near the rear of the property and street parking.
Furthermore, zoned [Q]C2-1VL, this property also offers potential for future or current Development Opportunities including but not limited to: Multifamily, Retail, Office, Mixed-Use, Medical, etc (Buyer to Verify). With a generous amount of lot space and excellent frontage on Sunset Boulevard, an investor has the ability to develop a high-value, unique project in a neighborhood with a very high population density. In addition to development, the (Q)C2-1VL commercial zoning allows for a variety of different development projects making 3700 W Sunset Boulevard a very unique opportunity in the famed Silver Lake market.
For more information, please download the Offering Memorandum.
- SELLER MAY CARRY FINANCING
- Great Unit Mix – Eight (Studios) and Eight (1 Bedroom + 1 Bath)
- 6,726 SF Lot Zoned [Q]C2-1VL with Approx 50 Feet of Frontage on Sunset Blvd
- New Central Water Heater
- Tremendous Upside Potential
- First Time on Market in Over 20 Years
- Prime Silver Lake Location!
- A Walkers Paradise – Boasts a Walk Score of 94!
- One of the Most Highly Desirable Submarkets of Los Angeles
- Located Across the Street from the Silver Lake Farmers Market
- Walking Distance to the Heart of Silver Lake Shops & Restaurants and the Famous Sunset Junction
MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.