Apartment complexesSingle family homesMom and pop businessesRetail store front
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.
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Zillow last checked:
Listing updated:
Listed by:
Jim MangassarianDRE #00835836661-904-9383,
Realty Executives Homes
Source: CRMLS,MLS#: SR25012065Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 9
Rooms
Room types: Attic, Bedroom, Entry/Foyer, Kitchen, Laundry, Living Room, Primary Bedroom, Other
Primary bedroom
Features: Main Level Primary
Bedroom
Features: All Bedrooms Down
Bedroom
Features: Bedroom on Main Level
Other
Features: Walk-In Closet(s)
Heating
Natural Gas, Wall Furnace
Cooling
None
Appliances
Included: Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
Features
Laminate Counters, Open Floorplan, All Bedrooms Down, Attic, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Flooring: Laminate, Tile, Vinyl
Doors: Double Door Entry
Windows: Blinds, Screens
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 2,639
Total interior livable area: 2,639 sqft
Property
Parking
Total spaces: 6
Parking features: None
Garage spaces: 2
Uncovered spaces: 4
Accessibility
Accessibility features: Safe Emergency Egress from Home, No Stairs, Parking, See Remarks
Features
Levels: One
Stories: 1
Entry location: Front of Building
Exterior features: Lighting
Pool features: None
Spa features: None
Fencing: Block,Chain Link,Wood,Wrought Iron
Lot
Size: 8,253 Square Feet
Features: Back Yard, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
Details
Additional structures: Second Garage
Parcel number: 5540028008
Zoning: LAC2
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Mediterranean,See Remarks
Property subtype: Mixed Use
Materials
Drywall, Stucco
Foundation: Raised, Slab
Roof: Composition,Shingle
Condition
Fixer
New construction: No
Year built: 1919
Utilities & green energy
Electric: Standard
Sewer: Public Sewer, Sewer Tap Paid
Water: Public, See Remarks
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
Features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban