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5064 Santa Monica Boulevard - .13 AC, Los Angeles, CA

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5064 Santa Monica Boulevard - .13 AC

Los Angeles, CA 90029 - Hollywood/Silver Lake Submarket

Property Type:Land Parcel Size:.13 Acres
For Sale Price:$659,995 Price/Acre:$5,112,277 Price/SF:$117.37

Proposed Use:Commercial, Retail, Auto Repair

On-Site Improv:Previously developed lot

Sale Notes:
Calla Commercial is pleased to present this rare land redevelopment opportunity on Santa Monica Blvd in East Hollywood. This is perfect for an investor/developer to re-purpose the site for office or multifamily residential. The deal currently has income producing tenants (Golden Eagle Auto Body and ClearChannel) which allows the investor to buy time until entitlements are approved. The site is also conveniently located just east of the 101 fwy and neighbors Silver Lake and Koreatown.
Please submit an offer as all offers shall be considered!
Investment Highlights

- Lot Size: 5,623 SF
- Zoning: C2
- P/SF Land: $117.37
- Tenants 1: Golden Eagle Auto Body (Spray Booth Onsite and Tenant Maintains Permit), ($2,500 p/m, lease expires Jan. 1st, 2018 with No Options)
- Tenant 2: ClearChannel Billboard ($216.67 month to month)

Note: Landlord only pays for property tax and insurance.

Calla Commercial Real Estate
Young Lee
(213) 700-4336

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