A new Tenants in Common Community is on the market in Frogtown. It’s an intimate setting with two separate homes on the lot. This house is a newly constructed, two-story residence that sits to the rear of the property. It’s contemporary and chic, with a warm, modern interior and a rooftop deck boasting 360-degree city views.
Measuring 1,120, the two-bedroom, three-bath house opens to a light-filled space with concrete floors and wood accents, creating a chic yet low-maintenance vibe. The open floor plan seamlessly integrates the living, dining, and kitchen areas with sliding glass doors providing access to the backyard, perfect for indoor-outdoor living and entertaining.
The kitchen is a culinary enthusiast’s delight, featuring Taj Mahal porcelain slab countertops, custom cabinetry, and stainless steel appliances. A powder room with matte black finishings and porcelain countertops sits on the main level.
Wood floors line the stairs leading to the generously sized bedrooms on the second level. The primary suite boasts a large ensuite bathroom with dramatic black tile and marble tile flooring. The hallway bathroom serves the second bedroom, a serene space with wood cabinetry and matte black hardware. A spiral staircase extends from the drought-tolerant backyard to the second-floor patio to the rooftop deck, which offers distant views of the Hollywood Sign and the surrounding area. Storage is ample, with a cleverly utilized space underneath the staircase. Enjoy the modern conveniences of a dedicated laundry closet, tankless water heater adding a touch of efficiency to your daily routine, and central A/C equipped with a Nest thermostat.
Tenants in Common (TIC) is an arrangement where two or more residents share property ownership. Often compared to condos, they present an affordable route to homeownership. With over 275 TIC units sold since 2016 and many more Tenants in Common Communities in Echo Park, Los Feliz, and other neighborhoods throughout the city, they’re a mainstay in Los Angeles’ housing stock.
This is one of two houses in a new TIC community on a cul-de-sac in Frogtown. It’s a short distance to the Los Angeles River Bike Path, art studios, and a blossoming dining scene that includes Spoke, Wax Paper, Loreto, Salazar, Zebulon, Frogtown Brewery, and La Colombe coffee shop. See this beautiful tenant-in-common at the first open house on December 3, 2023, from 12 to 3pm.