4471 Santa Monica Blvd - Freestanding FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,500,000 USD
213-747-4151
4471 Santa Monica Blvd, Los Angeles, CA for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

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4471 Santa Monica Blvd
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • East Hollywood Auto Repair Facility
  • Fantastic Location at NW Corner of Santa Monica Blvd & Commonwealth Ave
  • 5 Blocks East of Vermont Ave — 3 Blocks East of Erewhon
  • Adjacent to Silver Lake and Echo Park
  • Current $7,000 Monthly Gross Income (Month-to-Month)
  • Future Development Potential!

OVERVIEW

Excellent opportunity to acquire a well-located auto repair facility with future development potential at the high-visibility northwest corner of Santa Monica Boulevard and Commonwealth Avenue in East Hollywood. Ideally positioned just five blocks east of Vermont Avenue and three blocks east of Erewhon, the property is also adjacent to the desirable Silver Lake and Echo Park neighborhoods. The existing tenant currently pays $7,000 per month gross on a month-to-month lease, offering immediate income with flexibility for an owner-user or future redevelopment strategy. A former tank has been removed, and a 2004 closure letter along with a “No Further Action” letter are available for review.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Auto Repair Facility or Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,338 SF

ZONING

LACM

APN/PARCEL ID

5542-025-036

ASK ABOUT THIS PROPERTY

Jeff LusterMajor PropertiesMore Info
213-747-4151

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Jeff LusterMajor PropertiesMore Info
213-747-4151

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