4850 Hollywood Boulevard
Los Angeles, CA 90027
MLS #DW16706684

Commercial
  • 15,813sq ft
Pending Sale $11,575,000
Est. P&I payment: $44208.66/mo
4850 Hollywood Boulevard, Los Angeles, CA 90027
  • 4850 Hollywood Boulevard, Los Angeles, CA 90027 Photo 1
  • 4850 Hollywood Boulevard, Los Angeles, CA 90027 Photo 2
  • 4850 Hollywood Boulevard, Los Angeles, CA 90027 Photo 3
  • 4850 Hollywood Boulevard, Los Angeles, CA 90027 Photo 4
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Description for 4850 Hollywood Boulevard, Los Angeles, CA 90027
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.
MLS #DW16706684
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My Notes for MLS #DW16706684

General Features

  • Building Status: Existing
  • Condo Area Units: Square Feet
  • Land Use: Retail
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Units Leased: 12
  • Property SubType: Retail
  • Property Type: Commercial Sale
  • Year Built: 1977
  • Zoning: C2

Exterior Features

  • Signage: Sign Freestanding
  • Stories Total: 1

Interior Features

    Utility Features

    • Water Source: Public

    Financial Features

    • AssetClass: Retail
    • Investment Property YN: 1
    • Net Operating Income: 329,000
    • Price Per SqFt: 731.99
    • Total Monthly Rent: 40,388

    Miscellaneous Features

    • Building Area Total: 15,813
    • Building Area Units: Square Feet
    • Days On Market: 18
    • Lot Size Source: Assessor
    • Special Listing Conditions: Standard

    Location

     
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    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.
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    P&I Payment $44208.66
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    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 11/23/2017 at 2:59am
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