1165 N Berendo St is an incredible opportunity to build a new construction multi-unit development in East Hollywood, walking distance to Silver Lake's Sunset Junction! 1165 N Berendo St is an SB-8 EXEMPT, NON-RENT CONTROLLED, OPPORTUNITY ZONE, FLAT, LARD1.5-1XL-zoned lot: an increasingly rare find in the LA landscape. With limited SB-8 exempt properties available, this is a prime chance to build without tenant relocation delays or replacement unit requirements—saving both time and money. Situated just off Vermont and Sunset, this location offers unbeatable walkability to some of the city’s most popular spots. Future tenants will love being steps from gourmet coffee at Go Get Em Tiger, brunch at Square One, and casual eats at HomeState and Maru Coffee. A short walk takes you to LA City College (a magnet for student renters), the Vermont/Sunset Metro Station for easy access to Downtown or Universal City (a draw for professional renters), and the bustling Kaiser Permanente medical campus. (ideal for medical staff who want to stay nearby and travel nurses). Barnsdall Art Park, Erewhon, and Sunset Junction are also less than a mile away, making this location as trendy as they come! With such strong demand for housing in this pocket of the city, new construction here is sure to command premium rents. The LARD1.5 zoning allows for 4 residential units (+ potential for ADU's), and with Executive Directive 1 (ED-1) incentives, there’s potential to maximize density and build more units than a traditional project. As the city continues pushing for more housing, ED-1 developments in prime areas like this could see significant long-term value growth. New construction in this neighborhood sells at a premium, and rental demand remains strong due to the area's transit accessibility, job centers, and vibrant local scene. Developers can capitalize on East Hollywood’s ongoing transformation and the constant need for high-quality housing. With the right design, this project could yield an exceptional return—whether you choose to build and sell or hold long-term for cash flow. Opportunities like this are becoming increasingly scarce—don’t miss your chance to develop in one of LA’s fastest-growing neighborhoods!