1311 WATERLOO ST, LOS ANGELES, CA 90026-2339

Maher Commercial Realty is proud to present a rare and highly flexible luxury residential development opportunity located in the heart of the Silver Lake / Echo Park corridor. The property consists of three contiguous subdivided parcels with assignable permits already in hand for the construction of three large four-story luxury single family residences, each thoughtfully designed to capture spectacular hillside and downtown skyline views.

After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk.

Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow.

Walking distance to the renowned Sunset Boulevard restaurant and retail corridor, home to some of Los Angeles’ most acclaimed dining destinations including Tsubaki, Morihiro, and Quarter Sheets, all featured on the Los Angeles Times 101 Best Restaurants list, alongside neighborhood favorites Cosa Buona, Honey Hi, Little Fish, A Tí, Bacari Silverlake, Bar Flores, Tacolina, and Guisados, plus iconic music venues The Echo and The Echoplex, beloved cafes Canyon Coffee, Cookbook Market, and Lady Byrd Cafe, and an evolving mix of boutique retail, nightlife, and creative spaces that define the Silver Lake / Echo Park lifestyle.

This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting residential markets.