Great visibility and frontage of Mixed-Use Commercial Retail/ Flex/Residential property. Opportunity exists for either Investor, Owner-User, or Developer. Easy freeway access, located in the heart of Hollywood, near Studios and on the signalized southeast corner of Santa Monica Blvd and El Centro Ave. This site consists of two structures. Tenant #1 currently leases building #1 (with ground level retail space of approximately 2,750 square ft) known as 6174 and 6176 Santa Monica Blvd, "retail furniture store known as Vintage Concept”, and also leases the upstairs two bedroom apartment known as 1076 El Centro Ave being approximately 1,375 square feet. Tenant in Building #1 has lease term ending June 30th 2023. Building number 2 , (2,080 square feet) is a free standing building at 1072 El Centro Ave and tenant has received a notice to vacate due to sale of property and to be delivered empty. The entire property has five private parking spaces, two (possibly 3) spaces located in a secure gated area between the two buildings, two additional tandem spaces located at the rear of the El Centro building, and 1 drive in space within the Warehouse. This Hollywood neighborhood is currently undergoing new development. There is new construction of a building directly across the street on the southwest corner of Santa Monica Blvd and El Centro. This property being offered for sale has amazing upside potential with Santa Monica Blvd being a main Los Angeles thoroughfare that runs through Hollywood, West Hollywood, and Beverly Hills. This property is said to be within the enterprise zone. Seller willing to carry a 1st Trust Deed for up to 5 years at 6% interest only.Building number 1 is reported to be built in the 1930's, and Building number 2 is reported to be built in the early 1960's.
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DAYS ON MARKET
|
146
|
LAST UPDATED
|
7/19/2023
|
|
YEAR BUILT
|
1960
|
COMMUNITY
|
Hollywood
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Commercial
|
|
|
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Prior to May 18, '23
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$2,675,000
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| May 18, '23 - Today |
$2,450,000 |
| AREA |
Hollywood |
| CONSTRUCTION |
Other, Stucco |
| LOT |
5964 sq ft |
| LOT DESCRIPTION |
Corner Lot, Level, Near Public Transit, Rectangular Lot, Street Level |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER |
Public |
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Listed with RE/MAX One
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 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/1/24 5:25 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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