We are pleased to present a four (4) unit apartment building with RTI plans for an ADU unit located at 1108-1112 Manzanita Street in Los Angeles, California. The subject property is situated in the best location of Silver Lake, east of Sunset Boulevard and north of Santa Monica Boulevard. Built in 1920, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / one-bathroom units. The units are spread across two (2) character bungalow buildings and one (1) duplex all with open lighting and plenty of yard space. The offering will be delivered with RTI plans for a new three-bedroom / two and a half-bathroom ADU unit as well as RTI plans to reconfigure all the one-bed units into two-bed units. There are currently four (4) parking spaces with potential to modify fencing to add more. Tenants will love being in the best location of Silver Lake, right below Sunset Junction with walkable access through a lush community garden featuring one of Silver Lake's secret staircases. Residents are also within walking distance to incredible amenities such as Erewhon, Bacari, La Colombe, Kombu Sushi, and many more of Los Angeles's trendiest. Situated in the best location of Silver Lake, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to achieve strong rental upside by executing the RTI plans to build an ADU and add bedrooms all in the trendiest market of Los Angeles.
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