3700 W Sunset Blvd
Los Angeles, CA 90026
Edgecliffe Apartments - PRIME SILVER LAKE! · Multifamily Property For Sale · 16 Units

BACK ON MARKET: PRICE REDUCED $200,000! 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.