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Silver Lake Apartment Project Is Not To Be

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At least in the short term, this isn't to be. But opportunity awaits you, developers. A 15-loft apartment development at 2844 Rowena Avenue designed by local firm Vanos Architects, this planned project is "located in the heart of the dynamic and trendy Silver Lake community" and just a mere .3 mile stroll to Gelsons & Trader Joes, according the listing. Looking at the address, it looks like this development, which was planned for a lot a few doors down from Edendale Restaurant, had a few back and forths with the Silver Lake Neighborhood Council over height. The lot is listed for $899,000.
Property Description:
15 Loft Apartment Units - Tenative Tract Map Approved

Total of 10,977 +/- sf of commercial zoned, vacant land.

TTM Approved for a 19,430 +/-sf net with Unit Size ranging from 1,068 sf to 2,297sf. Each loft features 2 levels, 14'-16' +/- ceilings heights, extensive floor to ceiling windows and outdoor decks.

Commercial Area Lease Comps range from $2.50 to $4.00 PSF.

Residential Area Lease Comps range from $2.00 to $2.47 PSF for new product

PLEASE CALL AGENT FOR A SITE TOUR AND ADDITIONAL INFORMATION

Location Description:
Located in the heart of the dynamic and trendy Silver Lake community, 2 blocks east of Hyperion and just north of Silver Lake Reservoir.

Upper Income Area, $86,040 Average Household Income within 1 mile.

Gelsons & Trader Joes are .3 miles southwest on Hyperion Avenue

Nearby many neighborhood cafes, restuarants, boutiques, recreation areas and entertainment venues

PLEASE CALL AGENT FOR A SITE TOUR AND ADDITIONAL INFORMATION
· 2844 Rowena [LoopNet]