This property is in the heart of Hollywood, surrounded with single family homes, apartment complexes and mom and pop businesses, situated within one-quarter mile from Santa Monica / Vermont Metro Rail Station with easy access to transportation, shopping, schools including Los Angeles City College (LACC), most within walking distance. Property is zoned C-2 commercial and includes three (3) units, Retail Store front at street level plus two (2) Residential units in the rear, while current owner lives in one of the units, the store front and the other residential unit is rented, both rentals are on a month-to-month basis, owners resident can also be rented for additional income. Property is within a State Enterprise Zone, while this property would be (1) perfect for a family who has a small mom & pop business to live in one of the rear units, lease out the other residential unit and operate their retail business from the store front or (2) ideal for an investor who can lease all three units and collect rent, but (3) the highest and best use would be develop the property into multi-residential units, this is a great developer opportunity for this fast changing Hollywood location from single family homes into brand new multi-unit apartment complexes with all the latest home features. Driving around this property, one can’t but notice that there are many brand new complexes that have popped up near and all around the area, I counted about 15 such properties within less than half a mile radius, five of them being on the same block with the rest just a block or two over on either side, there may be the potential of building 12 - 16 units on the subject property, must verify with local city ordinance.
Details
MLS #
SR25012065
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1919
Days On Site
611
Listing Provided By
Realty Executives Homes | Jim Mangassarian
Features
SQ Feet
2,639
Garage
2
Story(s)
1
Units
3
Building(s)
1
Zoning
LAC2
Acreage
0.19
Property View
None
Interior
Cooling
None
Heating
Natural Gas, Wall Furnace
Heating Yes / No
Yes
Cooling Yes / No
No
Interior Features
Laminate Counters, Open Floorplan, All Bedrooms Down, Attic, Bedroom On Main Level, Main Level Primary, Walk In Closets
Window Features
Blinds, Screens
Appliances
Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer
Back Yard, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
Fencing
Block, Chain Link, Wood, Wrought Iron
Parking
Parking Features
None
Garage Yes / No
Yes
Utilities
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Electric
Standard
Sewer
Public Sewer, Sewer Tap Paid
Location
Community Features
Curbs, Storm Drains, Street Lights, Sidewalks, Urban
Area Information
State
CA
County
Los Angeles
City
Los Angeles
Zip Code
90029
Area
C20 Hollywood
Sourced by Back At You
MLS#: SR25012065 Listed By: Jim Mangassarian - Realty Executives Homes - 6612868600- jimtanner@realtyexecutives.com
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MLS#: SR25012065 Listed By: Jim Mangassarian - Realty Executives Homes - 6612868600- jimtanner@realtyexecutives.com
