1159 N Berendo St, East Hollywood
Rare, SB-8 Exempt LARD1.5 Lot | East Hollywood
1159 N Berendo St is a rare SB-8 exempt, non-rent-controlled, Opportunity Zone lot in East Hollywood. Zoned LARD1.5-1XL, the flat parcel allows four residential units plus potential ADUs, with additional density possible under ED-1. Walking distance to Sunset Junction, LACC, Vermont/Sunset Metro, and Kaiser, it offers strong rental demand and excellent transit access. The neighboring lot at 1165 N Berendo is also available for a double lot development opportunity.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
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$1,099,000
Land
Pre-Market
0
N/A
N/A
N/A
N/A
N/A
6,752 sqft
$162.77
N/A
N/A
Yes
N/A
No
Other Features:
SB-8 Exempt, Non-Rent Controlled, Opportunity Zone, Flat, LARD1.5-1XL-
Zoned Lot
The Highlights
DOUBLE LOT OPPORTUNITY: The neighboring lot, 1165 N Berendo, is also available and can be purchased alongside this property for a maximized exit price.
No rent control on the future project!
SB-8 EXEMPT!
Large (6,752 SF), 50 foot wide flat lot, ideal for a new construction project.
No relocations needed!
No rent control on the future project!
LARD1.5 zoning
Potential for additional density using ED-1 incentives.
Prime East Hollywood location, walking distance to Go Get Em Tiger, Square One, HomeState, and the Vermont/Sunset Metro Station.
Barnsdall Art Park, Griffith Park, and Silver Lake’s Sunset Junction just minutes away.
High-demand rental market, attracting medical professionals from Kaiser Permanente, students and faculty from LA City College, and young professionals working in Hollywood, Netflix, and nearby tech and entertainment hubs.
New construction in this neighborhood commands premium rents and high resale value.
The Neighborhood
<15-Minute Walk
Barnsdall Art Park, Big Mama's & Papa's Pizzeria, The Virgil, Zenshi Handcrafted Sushi, Vons, WaBa Grill, Los Angeles City College, LACC Fitness Specialist & Personal Training, Vermont/Santa Monica Metro Station, Cahuenga Branch Library, Kaiser Permanente Medical Center
<15-Minute Drive
Erewhon, Sqirl, Courage Bagels, California Grill, Sunset Junction, Melody, KinKan LA, Alma's Cider & Beer, Maison Matho, El Zarape, Bar Latino, Intelligentsia Coffee Silver Lake Coffeebar, Pine and Crane Silverlake, The RubyFruit, Millie's Café, Bacari Silverlake, Silver Lake Farmers Market
<$15 Uber Ride
Paramount Pictures Studio, Hollywood Walk of Fame, Sunset Junction, Lyric Hyperion Theater & Bar, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee, Bowery Bungalow, Akbar, Bar Flores, 33 Taps Silver Lake, Bar Moruno, Kitsune, 4100 Bar
Contact
Lauren Cearley
213.302.8662
Property Presented By:
