Well-positioned multi-story commercial asset located along the highly trafficked Hollywood Blvd corridor. The property offers a compelling owner-user or value-add investment opportunity with a combination of in-place tenancy and significant repositioning potential.
The second floor is currently occupied by multiple tenants who are all actively paying, providing immediate income. The ground floor, previously operated as a school, is presently vacant and offers an excellent opportunity for an owner-occupant or new tenant seeking strong street visibility and accessibility.
An additional upper level is currently under construction and will be delivered in its unfinished condition, creating a unique opportunity for a customized build-out suited for medical offices, professional suites, or executive office space.
This asset is particularly attractive to an owner-user looking to occupy a portion of the property while benefiting from existing rental income. Investors may also capitalize on the remaining upside by completing the build-out and stabilizing the vacant space.
Located in a highly active commercial corridor with strong surrounding demographics, the property presents a rare opportunity to acquire a flexible asset with both current income and long-term growth potential.