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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,999,900

Est. payment - /mo

8,254 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25012065

Construction Status Fixer

HOA Y/N No

Year Built 1919

Lot Size 8,254 Sqft

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC2

Rooms

Other Rooms Second Garage

Interior

Interior Features Laminate Counters, Open Floorplan, All Bedrooms Down, Attic, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer

Laundry Electric Dryer Hookup, Gas Dryer Hookup, See Remarks

Exterior

Exterior Feature Lighting

Parking Features None

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Chain Link, Wood, Wrought Iron

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility Safe Emergency Egress from Home, No Stairs, Parking, See Remarks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet

Story 1

Entry Level One

Foundation Raised, Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public, See Remarks

Architectural Style Mediterranean, See Remarks

Level or Stories One

Additional Building Second Garage

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5540028008

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights,Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Jim Mangassarian Realty Executives Homes 661-904-9383, DRE #00835836

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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1108 N Kenmore AVE Los Angeles, CA 90029

Patricia Beattie

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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