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4673 Hollywood Boulevard, Los Angeles, CA 90027
Priced at Only: $8,700,000
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Address: 4673 Hollywood Boulevard, Los Angeles, CA 90027
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  • MLS#: 26661089 ( Commercial/Residential )
  • Street Address: 4673 Hollywood Boulevard
  • Viewed: 2
  • Price: $8,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90027
  • Provided by: The CREM Group
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present Verwood a 12,946 square foot mixed use retail and apartment building located at 4673 Hollywood Boulevard, ideally situated one parcel east of the northeast signalized corner of Hollywood Boulevard and Vermont Avenue in the heart of Los Feliz, California. Since 2017, ownership has invested more than $2 million in a comprehensive modernization program that included seismic upgrades, major electrical and plumbing enhancements, new HVAC, a roof replacement, facade improvements, extensive tenant buildouts, and the renovation of eight apartment units significantly enhancing safety, efficiency, and tenant appeal. The property is currently leased to six high quality, internet resistant retail tenants on triple net leases with thirteen apartment units on the second story. The retail lineup has been carefully curated to reflect the neighborhood's creative and wellness driven culture, with tenants including Kettl Tea (Brooklyn based tea house), Old Gold Vegan Pizza (Sicilian style pizza), Red Gate Bakery (critically acclaimed New York based bakeshop), Face Facial Bar (wellness spa), Studio a go go (Lagree fitness studio), and Puppy Fades (dog grooming). Retail suites average just over 1,000 square feet, making them efficient and highly leasable spaces with limited tenant improvement requirements. Ten of the thirteen apartment units have been renovated, providing stabilized residential income with continued value add potential through the repositioning of the remaining units.
Features
Assetclass
  1. Retail
  2. Multi-Family
Building Area Total
  1. 12946.00
Country
  1. US
Netoperatingincome
  1. 524530.00
Parcel Number
  1. 5542001004
Postalcodeplus4
  1. 5414
Property Type
  1. Commercial/Residential
Year Built
  1. 1923
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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