Silver Lake is a pretty expensive neighborhood, but TICs are helping first-time homebuyers stay in the neighborhood.
The latest Tenancy in Common or Tenants in Common (TIC) home is a converted Spanish-style four-unit building just north of Sunset Blvd, dubbed Casa Larissa. Originally built in 1923 as studios, the interior spaces are now stylish one-bedrooms with outdoor living areas.
Holding onto its character and charm, the building was overhauled with the stylistic guidance of Studio Cadiz. Starting curbside, the in-your-face pink facade was ditched for a soft white with subdued green trim and paired with custom handcrafted tiles by Ceramicah that lead you up to the front stairwell entrance.
This four-unit community at 3200 Larissa Drive offers a landscaped patio with panoramic views, inside laundry, and HVAC. The upper rear apartment is listed for $465,000 with monthly HOA dues of $250.
Listing courtesy of Elizabeth McDonald and Cristina Brow – TRG Realty