SILVER LAKE — It’s been nearly seven years since what was once a Streamline Moderne-style gas station and later a repair shop was scraped to the ground, leaving a vacant lot at the corner of busy Glendale Boulevard and Rowena Avenue. Foundation work on what was supposed to be a small office building began a few years later but never got very far. Now, the same corner lot is up for sale as a potential residential and commercial project.
The owners are asking $1.59 million for the lot, according to a listing on LoopNet. (That’s $300,000 more than what the property was going for last year). The property can accommodate up to 8 residential units and 1,700 square-feet of commercial or retail space. Says the listing:
This area has blossomed in recent years, becoming a haven for families as well as the hipsters who first popularized it.”
The corner lot sits about halfway between two large residential projects that already underway: the 63-unit Latitudes condos on Waverly Terrace and 33 more condos on the former Coffee Table property on Rowena.