4563 Santa Monica Blvd - Medical FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,700,000 USD
818-400-8589
4563 Santa Monica Blvd, Los Angeles, CA for Sale
$1,700,000 USD
Medical - FOR SALE
1/6
null | 3.79% Cap Rate

4563 Santa Monica Blvd
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • C2 Zoning
  • Approx. 14 Units by Right
  • Potential for 26-30 Unit Development Opportunity ( Buyer to Independenty Verify)

OVERVIEW

Rare C2-Zoned Infill Site on Santa Monica Blvd. Perfectly positioned for developers and merchant builders, this offering presents a clear path to high-density multifamily or mixed-use redevelopment in one of Los Angeles’ most active rental corridors. While currently improved with three occupied retail storefronts generating $6,000/month in gross holding income, the true value of this asset lies in its land-use potential. Under current C2 zoning, the site offers approximately 14 residential units by right. Savvy developers can significantly increase project yield by utilizing State Density Bonus or Transit Oriented Communities (TOC) affordable housing incentives, which may allow for a project size of approximately 26 to 30 units (Buyer to verify program eligibility and TOC tier). Located in a high-walkability pocket with immediate access to transit and strong neighborhood amenities, the site is an ideal candidate for a "bite-sized" urban infill project. Priced to sell at land value, this is a strategic opportunity to acquire a corridor-frontage site with existing cash flow to offset holding costs during the entitlement phase. Sold AS-IS. Buyer to independently verify all zoning, unit count, TOC tiering, Density Bonus feasibility, FAR, height, setbacks, and parking requirements.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$573 USD /SF

CAP RATE

3.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,320 SF

ZONING

LAC2

APN/PARCEL ID

5542-027-029

ASK ABOUT THIS PROPERTY

Mike HarutunyanPinnacle Estate Properties, Inc.More Info
818-400-8589

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Mike HarutunyanPinnacle Estate Properties, Inc.More Info
818-400-8589

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