2250 Fargo Street

Los Angeles, CA 90039
$1,150,000
Courtesy of Nourmand & Associates-HW

Description

Prime Silver Lake Development Opportunity. Don't miss this rare chance to build your vision in the heart of Silver Lake! This gently sloping 7,500 sq. ft. vacant lot (approximately 50 x 150) sits perched above Glendale Blvd., just a short distance from the iconic reservoir. With a relatively flat topography but situated on a hilly street, the lot may require shoring, grading, and retaining walls to fully realize its potential. Located in one of Los Angeles' most desirable neighborhoods, this property is within close driving distance to Hollywood, Downtown, and the Glendale/Burbank area. The location offers a prime canvas to design your dream project in a vibrant and architecturally diverse community. An excellent point of reference: an identical lot at 2240 Fargo St., just below, was developed into two stunning small-lot homes. These properties sold for a combined $4,680,000 in 2022 (2240 Fargo St. for $2,330,000 and 2242 Fargo St. for $2,350,000). Photos of these homes are included, showcasing the potential of this unique opportunity. This lot is a developer's dream and won't last long. Seize the chance to create something extraordinary in the heart of Silver Lake!

  • Property Details
      • View:CityLights, Hills
      • Acres:0.1722
      • Property type:Purchase
      • Sewer information:Other
      • County:Los Angeles
      • Original List Price:$1, 150, 000
      • MLS #:24470715
      • Cost:1150000
      • Property subtype:Land
      • MLS #:24470715

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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