SOLD | NEW TIC COMMUNITY | 3901 – 3903 Melrose Ave + 705 Hoover St | Silver Lake | $599,000

SOLD | NEW TIC COMMUNITY | 3901 – 3903 Melrose Ave + 705 Hoover St | Silver Lake | $599,000


3903 Melrose: Perched up above the street, a covered porch welcomes you to this elegant 1940’s home with vintage features and modern convenience. Charm abounds in this end-unit, sharing only one wall in an intimate 4-unit community. A sensible floor plan provides for easy outdoor flow and plenty of elbow room. Original cabinetry and butcher block countertops in the updated kitchen with a breakfast nook. The living room with original 1940s tray ceilings and new white oak engineered hardwood floors, has an abundance of light through the updated dual-pane windows, and drop-dead views of DTLA. The ample bedroom features generous-sized closets and a simple and roomy tiled bath. Enjoy al fresco dinners at home in your spacious and lush private yard under a canopy of greenery. Amenities include not only this rare outdoor space but also a 1-car garage with automatic garage door, laundry in-unit and mini-split AC and heat. Come home to this urban oasis with easy access to shops in Virgil Village, steps from Sqrl, Jewel, Roam. Central to Silver Lake, Los Feliz and East Hollywood.

705 Hoover: A green hedge hiding this jewel of a home has grown high and slightly arches over the gated entry, creating a mysterious entrance to this secret oasis. Behind the gated entrance is a bright, cheerful yard, private for this unit only, surrounded by lush mature trees, succulents and colorful bougainvillea. The covered porch welcomes you to this elegant, 1940’s home with vintage features and modern convenience. Charm abounds in this end-unit, sharing only one wall in an intimate 4-unit community. A sensible floor plan provides for easy outdoor flow and plenty of elbow room. Original cabinetry and butcher block countertops in the updated kitchen with a breakfast nook. The living room with original 1940’s tray ceilings and new white oak engineered hardwood floors, an abundance of light through the updated dual-pane windows, an ample bedroom with generous sized closets and office nook, and a simple and roomy tiled bath. Enjoy al fresco dinners at home in your spacious and lush private yard under the stars. Amenities include not only this rare outdoor space, but also a 1-car garage, laundry in-unit and mini-split AC and heat. Come home to this urban oasis with easy access to shops in Virgil Village, steps from Sqrl, Jewel, Roam. Central to Silver Lake, Los Feliz and East Hollywood.


3903 Melrose Ave


705 N Hoover Street


Details

3903 Melrose Ave / 570 SQ FT / 1 BED / 1 BATH / LIST PRICE $599,000 / SOLD

705 N. Hoover Street / 570 SQ FT / 1 BED / 1 BATH / LIST PRICE $599,000 / SOLD


TIC sale with financing available – with as little as 15% down thru Meriwest Credit Union. Please contact listing agent to be connected with a loan officer who is familiar with TIC loans.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field Guide HERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Liz McDonald Broker

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

The Rental Girl (therentalgirl.com) is a full-service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry-level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge and support our real estate colleagues, landlords and renters and the TIC community.

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