627 Dillon St
Los Angeles, CA 90026
Land For Sale · 0.30 AC

PRICE JUST REDUCED to $3.7 Million! PROPERTY WEBSITE: http://silverlakedev.berkadiarea.com/ Site Description: 627-631 North Dillon Street is an RTI 30-unit apartment development site in prime Silver Lake, CA. The property offers the rare opportunity to purchase a development site in one of the most vibrant pockets of Los Angeles with tremendous demand. The two-lot offering totals 13,174 square feet (0.30 acres) and is zoned R4-1VL. The project has ready-to-issue (“RTI”) permits to construct a 30-unit luxury apartment community steps from Silver Lake Blvd. and walking distance to the dining, and entertainment destinations on Sunset Blvd. Silver Lake Area Overview: 627-631 North Dillon Street is located in Silver Lake, a trendy neighborhood located along Sunset Blvd just three miles from Downtown Los Angeles. Often referred to as “The Brooklyn of Los Angeles,” Silver Lake is known for its hipster culture, independent restaurants, artists, and boutique shopping scene. Originally an area of Los Angeles used by the film industry for studio and production space, since the late 1990’s Silver Lake has transformed from a gritty urban area into Los Angeles’s hippest neighborhood. Silver Lake has become the epicenter for a young chic demographic searching for an urban lifestyle in Los Angeles. Surrounding the Silver Lake Reservoir, the restaurant and shopping destinations, as well as the growing indie-rock music scene have continued to expand the neighborhood and add to the appeal of Silver Lake. In addition to the lifestyle, Silver Lake also provides residents the option to work and travel elsewhere with ease. The Metro Red Line as well as Sunset Blvd located directly in Silver Lake gives residents direct access to reach other Los Angeles working and leisure destinations.