$1,300,000

Build sooner in prime East Hollywood. 1159 N Berendo St is an RTI development opportunity within walking distance of Silver Lake’s Sunset Junction. The property will be delivered fully RTI for 4 units, SB 8 exempt, and outside the RSO, so the buyer can move directly to permit issuance at closing and get construction underway. The flat, approximately 6,751 sq. ft. lot is zoned LARD1.5-1XL and located in an Opportunity Zone. The RTI plans call for two 3 story duplexes, one at the front of the lot and one at the rear, with homes ranging from approximately 1,280 to 1,350 sq. ft. A potential ADU could bring the project to 5 units, subject to city approval. Developers considering a larger project can also explore potential density under Executive Directive 1. Just off Vermont and Sunset, the property is close to neighborhood favorites like HomeState, Go Get Em Tiger, and Square One, with Barnsdall Art Park and Sunset Junction also nearby. The Vermont/Sunset Metro Station, Kaiser Permanente medical campus, and Los Angeles City College give future residents easy access to transit, jobs, and campus. For developers looking to sell the completed project or hold it for rental income, the appeal is simple. The 4 unit plans will be ready at closing, and there’s room to explore a fifth unit.