1110 N Gower St - Storefront Retail/Office FOR SALE


Los Angeles, CA 90038- Hollywood
$1,595,000 USD
323-302-8282
1110 N Gower St, Los Angeles, CA for Sale
$1,595,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

NEW


1110 N Gower St
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood Location at Santa Monica Blvd and Gower Street
  • Vacant Commercial Building with Large Parking Lot
  • Adjacent Parcel Available (1116 N Gower St): Combine with Neighboring Lot for a Total of ±13,000 SF of Contiguous Land
  • Ideal Owner-User Opportunity with a Variety of Approved Uses with C2 Zoning
  • Easy Access to 101 Freeway, Metro Lines, and LA’s Major Commercial Corridors
  • Surrounded by a Dynamic Mix of New Residential Developments and Hollywood’s Central Employment Hub

OVERVIEW

Compass is pleased to present 1110 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing ±2,133-square-foot commercial building is situated on a ±6,500-square-foot lot. The adjacent property (triplex) at 1116 N Gower Street is also available for sale, creating a rare offering of ±13,000 total SF of contiguous land for development. The property’s location benefits from the latest Hollywood Community Plan Update, with [Q]C2-2D-CPIO zoning, allowing for a variety of development routes including residential, mixed-use, and commercial. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel, lease-up the existing building alongside the parking lot. This is a rare opportunity to acquire a Hollywood commercial building, and optionally a sizable development site in one of Los Angeles’ most iconic and evolving neighborhoods. The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity. __________________________________ *Buyer to verify any and all accuracy of information.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Standalone Building with Parking | Hollywood

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,504 SF

ZONING

LAC2

APN/PARCEL ID

5534-016-014

ASK ABOUT THIS PROPERTY

Oliver GhadoushiCompass CommercialMore Info
323-302-8282

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Oliver GhadoushiCompass CommercialMore Info
323-302-8282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.