1259 N Las Palmas Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90038- Hollywood
$1,800,000 USD
213-210-4500
1259 N Las Palmas Ave, Los Angeles, CA for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

NEW


1259 N Las Palmas Ave
Los Angeles, CA 90038
Hollywood


OVERVIEW

A rare opportunity to acquire a historic freestanding mixed-use building in the heart of Hollywood, with the option to purchase an established market business on site. The property, originally built in 1912, offers approximately 1,040 SF of building area on a 4,600 SF lot, and combines both retail and residential use. This highly walkable, transit-accessible location provides outstanding visibility and long-term upside potential for investors or owner-users. In addition, the current market business generates approximately $15,000/month in net income, and is available for purchase at $300,000, either separately or in conjunction with the real estate asset. Strategically located just off Santa Monica Blvd & Highland Ave, the property sits in the heart of Hollywood’s residential and entertainment district. The area benefits from high pedestrian traffic, excellent demographics, and strong neighborhood demand for daily services and retail.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$643 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,617 SF

ZONING

R3

APN/PARCEL ID

5532-004-026

ASK ABOUT THIS PROPERTY

Tiffany HwangRedpoint RealtyMore Info
213-210-4500

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

Tiffany HwangRedpoint RealtyMore Info
213-210-4500

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