Project Silver Lake

Overview

Desirable Silver Lake location with direct views of the Silver Lake Reservoir and bedroom views of the Hollywood Sign and Griffith Observatory. Silver Lake is one of Los Angeles’ most sought-after neighborhoods, known for its architectural character, strong lifestyle appeal, and vibrant dining and retail scene. Served by the Los Angeles Unified School District, the property offers a rare combination of view orientation, neighborhood prestige, and excellent marketability. In it's current 2 bed / 2 bath configuration the property does not fully utilize it's potential and leaves much value trapped. We will be expanding the current square footage from 2,200 to 3,000 sf and in the process create 2 new bedrooms and bathroom. Once done we will have a 4 bedroom / 3.5 bathroom house that is architecturally redesigned, provides ample outdoor living space, flowing layout, wellness / spa amenities, vaulted ceilings throughout (existing) in one of the most sought after neighborhoods of Los Angeles.

Property details

Purchase price

$1,400,000

Rehab costs

$600,000

After repair value

$2,750,000

Borrower cash in deal

$30,000

Square footage

2,200 sq ft

Year built

2006