Silver Lake is a pretty expensive neighborhood these days 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.
Grounded by white oak floors, the interiors offer 550 square feet or less of living space. Each apartment opens to recreated Spanish details such as curved arches and thoughtful built-ins against a rich palette of muted tones and earthy materials. Features include Arto tile in the bathroom, smooth stucco shower walls, artisan light fixtures, a custom kitchen with quartz counters, brass fixtures, smooth stucco and Clè tile on the backsplash with French doors leading you to your own spacious Ipe wood deck with custom wrought iron railings.
This four-unit community located at 3200 Larissa Drive offers a landscaped patio with panoramic views, inside laundry, and HVAC. The upper rear apartment is listed asking $465,000 with HOA dues of $250 per month.
Listing courtesy of Elizabeth McDonald and Cristina Brow – TRG Realty