TIC stands for Tenants in Common. It’s an arrangement where two or more people co-own real estate together. While compared to condos, you’ll find that the coolest thing about owning a TIC is living in a character-filled home within an intimate four-unit building. And if you’re lucky, you’ll live in one like Glover Place.
Glover Place is a new TIC community in Frogtown. With two separate houses on the lot, each with private entrances and yards, you feel like you’re living in a single-family home.
The first house faces the street behind a gated entry. Newly planted ficus hedges open to a grassy front yard. Beyond the yard, you’ll find a tiled porch under a curved archway. Inside features open-concept living. Large windows fill the space with natural light. Wood plank flooring unifies the living room, kitchen, and dining area. The kitchen, equipped with sleek stainless steel appliances, a wine refrigerator, porcelain countertops, and custom cabinetry, looks toward the outdoor deck, creating an ideal environment for entertaining.
The primary suite has all the comforts of modern living, boasting a large closet and ensuite bath with wood vanity, brass fixtures, and Portola limewash paint. Sliding glass doors open to the outdoor deck, accessed via the dining area. An additional bathroom sits between the remaining two bedrooms, completing this home.
Adjacent to Silver Lake, Frogtown is a part of “Los Angeles like no other—secret and self-contained, where the hum of industry is quieted by a blanket of tranquility that seems to emanate from the river.” This TIC community is located on a cul-de-sac at 2404 Glover Place. 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.