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4850 Hollywood BoulevardLos Angeles, CA 90027 0

$11,575,000
Commercial
Status: Contract Pending
  • Sqft:
  • MLS#: DW16706684
34.101421356201172-118.29567718505859
Courtesy Of Chris Comfort, Apex Properties

Description:

Apex Properties is pleased to present this existing strip center for sale with major development potential. The land size is 38,582 sq. ft. The land is zoned C-2 with the southerly approx 50 ft of the parcel zoned R-1.5. There are major developments springing up all around the site. Most leases are short term or month to month. There are 2 leases whose terms expire in January 2020 - these are the longest remaining lease terms. The property enjoys frontage on Hollywood Blvd of over 265 feet and the depth of the lot is approximately 157 ft.The property is located on SE corner of the signalized intersection of Hollywood Blvd and Edgemont St in the red hot rental market of Los Feliz near Silverlake and Hollywood. Major retailers all around the site. There is a proposed development of 200 apartment units on the SW corner of Hollywood and Edgemont working its way through the entitlement process with the city. Kaiser Permanente is one block to the south providing a major employment base in the area.

Main Features:

Listing Status Contract Pending Year Built 1977
Floors 1 County Los Angeles
Rental Price $0 Zoning C2

Additional Features:

Building Description Existing
Commercial Type Retail
Land Size Source Assessor
Land Use Retail
Property Subtype Retail
Sign Sign Freestanding
Special Conditions Standard
Water Source Public

Extra Features:

Monthly Rent 40388 Net Operating Income 329000.00
Number Of Units Leased 12 Price Per SQFT 731.99
Tax ID 5543009021

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2018 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 2/17/2018 9:02:57 PM

4850 Hollywood Boulevard, Los Angeles, CA 90027

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2018 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 2/17/2018 9:02:57 PM

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