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Key Investment Highlights• Highly visible location in Los Feliz on busy Hollywood Blvd.
• Favorable zoning for flexible redevelopment options.
• Walk Score® of 93; very dense trade area with desirable restaurants, shopping and services within walking distance of the Property.
• Pent-up demand for retailers and residential housing in the Los Feliz submarket.
• 32,543 cars per day at Hollywood Blvd. and Edgemont St.
• Property is easily accessible by public transportation with the Vermont/Sunset Red Line Metro Station less than a 10 minute walk away.
• 2.2 miles to the Golden State Freeway (I-5) and 2.5 miles to the Hollywood Freeway (CA-101).
Hollywood Blvd.
Hollywood Blvd.
Prospect Ave.
Vermont Ave.
BARNSDALLART PARK
Los Feliz Site For Sale
Asking Price: Submit Offer
Address: 4773 Hollywood Blvd.Los Angeles, CA 90027
APN: 5589-030-030
Building Area: ±9,000 SF
Land Area: ±28,498.4 SF (0.654 Acres)
Lot Dimensions: 135’ x 211.07’’
Building Height: 30’ or 2 Stories
Year Built: 1963
Construction: Masonry
Leased: 100%
Edgemont St.
Sunset Blvd.
A
B C
Plat Map
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
For more information: RICHARD G. ABDULIANManaging [email protected]. 213.596.2255CalBRE #00884948
BOB CRENSHAWManaging [email protected]. 949.608.2019CalBRE #00695049
JESSE MUÑOZSenior Vice [email protected]. 310.312.4508CalBRE #01372980
FOR SALE4773 Hollywood Blvd.Los Angeles (Los Feliz), CA 90027
REDEVELOPMENT OPPORTUNITYHighest & Best Use
The Property’s favorable zoning allows for flexible redevelopment
options that could include commercial development, high-density
multifamily, or small-lot single family residential. However, the
highest and best use for the Property appears to be a medium
density of apartments, townhomes, condominiums and live/work
residential.
In addition to zoning, the Property is governed by provisions of
the Vermont/Western Transit Oriented District Specific Plan
Subareas A and B, allowing a developer to build all commercial or
add commercial elements to a mixed-use residential project with a
podium design along Hollywood Boulevard.
Hollywood Bl
Redevelopment ScenarioTOTAL UNITS: 32 (based on maximum allowed density)
PARCEL A:Specific Plan Subarea A
Lot: ±6,750 SF /1,500 SF (RD1.5) = 4.5 units
Gross FAR Land: ±6,750 SF (x) 3 = ±20,250 SF
- plus -PARCELS B & C:Specific Plan Subarea B (Residential or Mixed-Use)
Lot: ±21,748.5 SF / 800 SF (R3) = 27.19 units
Gross FAR Land: ±21,7748.5 SF (x) 2 = ±43,497 SF
- or -PARCELS B & C:Specific Plan Subarea B (Office/Retail)
Lot: ±21,748.5 SF (C1.5 ) Height: 35’
Gross FAR Land: ±21,748.5 SF (x) 1.5 = ±32,623 SF
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
For more information: RICHARD G. ABDULIANManaging [email protected]. 213.596.2255CalBRE #00884948
BOB CRENSHAWManaging [email protected]. 949.608.2019CalBRE #00695049
JESSE MUÑOZSenior Vice [email protected]. 310.312.4508CalBRE #01372980
FOR SALE4773 Hollywood Blvd.Los Angeles (Los Feliz), CA 90027