Asking Price: $1,099,000 | ​​​​​​​

1159 N Berendo St is an incredible opportunity to build a new construction multi-unit development in East Hollywood, walking distance to Silver Lake’s Sunset Junction! 1159 N Berendo St is an SB-8 EXEMPT, NON-RENT CONTROLLED, OPPORTUNITY ZONE, FLAT, LARD1.5-1XL-zoned lot: an increasingly rare find in the LA landscape. With limited SB-8 exempt properties available, this is a prime chance to build without tenant relocation delays or replacement unit requirements, saving both time and money. DOUBLE LOT OPPORTUNITY: The neighboring lot, 1165 N Berendo, is also available and can be purchased alongside this property for a maximized exit price. Positioned just off Vermont and Sunset, the location offers unbeatable walkability to some of the city’s most desirable amenities. Future tenants will enjoy coffee at Go Get Em Tiger, brunch at Square One, and local favorites like HomeState and Maru Coffee. LA City College is only steps away, attracting student renters, while the Vermont/Sunset Metro Station provides easy access to Downtown and Universal City for working professionals. The nearby Kaiser Permanente medical campus ensures steady demand from staff and travel nurses. Barnsdall Art Park, Erewhon, and Sunset Junction are also less than a mile away, cementing this address in one of the city’s trendiest pockets. The LARD1.5 zoning allows for four residential units (plus potential ADUs), with additional density possible under Executive Directive 1 (ED-1). As Los Angeles continues its push for more housing, ED-1 projects in highly desirable neighborhoods like this stand to see outsized long-term value growth. New construction in East Hollywood commands premium pricing, with consistent rental demand driven by transit access, major job centers, and the area’s thriving local scene. Developers here can expect strong returns, whether through a build-and-sell approach or by holding long-term for stable cash flow. Opportunities like this are increasingly scarce—don’t miss the chance to develop in one of LA’s fastest-growing markets.