2389 Silver Lake Blvd
Prime 22,000SF Silverlake Blvd Land Parcelled for 3 SFR ADU Potential
Marketing description
Rare Silver Lake Development Opportunity.
Property Description – 2389 Silver Lake Blvd
Land Size: ±22,000 SF (0.5 acres)
Zoning: R1-1VL (Low Residential)
Parcels: Subdivided into 3 Single-Family Residential (SFR) lots (developer to verify with the city)
Asking Price: $2,450,000
Frontage: Over 150 feet on Silver Lake Blvd
Max Building Height: 30 feet
FAR: 0.55 (up to ~12,128 SF total buildable across parcels)
No existing structures or tenancy – No demolition or relocation costs
Location Perks: Walkable to Silver Lake Reservoir, Whole Foods 365, and popular shops/cafés. Easy access to DTLA, Hollywood, and major freeways (5, 2, 101)
This is a rare triple-lot assemblage in one of L.A.’s most supply-constrained and desirable creative-class neighborhoods. The land is flat and primed for immediate development without delay or entanglement with existing tenants.
DISCLAIMER: Buyer to verify all development potential with the City.
Investment highlights
Potential Usage
By-Right Residential Development:
Construct 3 new single-family homes (as per zoning R1-1VL)
Maximize FAR and height limits to deliver premium homes with modern amenities
Luxury Spec Home Development:
Design and build architecturally distinct high-end homes targeting affluent buyers drawn to Silver Lake’s cultural cachet
Add ADUs (Accessory Dwelling Units):
Add one ADU per parcel for rental income or multigenerational living (subject to city regulations)
Land Banking or Build-to-Rent Strategy:
Hold the land for appreciation while entitling plans or build and lease the homes long-term in a high-demand rental corridor
Potential for Small Lot Subdivision (with entitlements):
Although currently zoned R1, a creative developer may pursue a small lot subdivision or variance for higher density (subject to city approval)
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