1651 N La Brea Ave Coming Soon

Los Angeles,CA 90028-6901

$ 9000000

1 Bed

0 Bath

5834 SqFt


Key Details

Property Type Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 5,834 sqft

Price per Sqft $1,542

Bedrooms 1

Lot Size 10,869 Sqft

Property Description

Location: SW Corner of Hollywood Blvd & La Brea Ave, Hollywood, CA
Property Details:

Building Size: 5,834 SF
GLA (Gross Leasable Area): 5,603 SF
Land Size: 10,869 SF (0.2495 Acres)
Stories: 1
Buildings: 1
Number of Tenants: 4
Number of Parcels: 1

This rare opportunity to acquire a trophy property in the heart of Hollywood is unmatched. Positioned at a signalized intersection, the property is surrounded by some of Hollywood's most iconic attractions, including the Hollywood Walk of Fame, TCL Chinese Theatre, and Dolby Theatre.

Zoning Potential:
Originally zoned as C-4, the property was down-zoned to R-3 but has received approval to revert back to C-4 with no height restrictions, pending final adoption by the city council. This zoning flexibility opens the door to various redevelopment possibilities, making it a highly desirable asset for investors.

Traffic & Accessibility:

Over 37,000 cars pass by daily at this prime corner location.
High foot traffic thanks to nearby tourist destinations, retail shops, and entertainment venues.
Excellent accessibility via public transportation, including bus routes and the Hollywood/Highland Metro station.
Neighborhood Highlights:

Located in a dynamic area with over $5.3 billion in current and near-term development projects within a 3-mile radius.
Surrounded by a vibrant mix of commercial and residential spaces, as well as renowned landmarks, creating a diverse and lively atmosphere.
Popular tourist destinations, shops, restaurants, and cafes drive consistent foot traffic and customer flow.
Short-Term Lease Benefits:
With short-term leases in place, new ownership has the opportunity to bring rents up to market rates, enhancing the property's income potential.


This property represents a unique opportunity to own a premier Hollywood location with incredible visibility, high traffic counts, and significant upside potential. Ideal for redevelopment or as a long-term hold in one of the world's most famous entertainment hubs.

Contact Us Today!
Don't miss out on this exceptional investment opportunity in Hollywood. Contact us for more information or to schedule a private tour.

Location

State CA

County Los Angeles

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