Western Ave Portfolio Retail FOR SALE


Los Angeles, CA - Hollywood
$4,400,000 USD
310-909-5422
, Los Angeles, CA for Sale
$4,400,000 USD
Retail - FOR SALE
1/7
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Western Ave Portfolio
Los Angeles, CA
Hollywood


HIGHLIGHTS

  • ±15,280 SF across two buildings (constructed 1924 & 1928)
  • 5 ground-floor retail spaces + 4 upstairs creative office suites
  • Prime double-parcel site with in-place income and long-term upside
  • Character improvements with modern development potential
  • Surrounded by over $1B in institutional redevelopment
  • 30 on-site parking spaces via rear alley access

OVERVIEW

Marcus & Millichap is pleased to present 1107–1117 N Western Avenue, a rare value-add retail and office opportunity with significant redevelopment potential in the heart of East Hollywood. This offering includes two contiguous parcels totaling ±18,000 square feet of commercially zoned land, improved with ±15,280 square feet of street-front retail and second-floor office space. All tenants are on month-to-month leases, providing immediate income with the flexibility to reposition, lease up, or redevelop the site. The property also includes a Clear Channel billboard and 30 rear-access parking spaces—both highly uncommon in this dense urban corridor. Zoned [Q]C4-2D-CPIO and located within multiple incentive overlays—including TOC Tier 3, TOIA 2, AB 2097, ED 1 eligibility, and a federal Opportunity Zone—the site offers an exceptional platform for future mixed-use, creative office, or multifamily development. With over 130 feet of frontage on N Western Avenue and proximity to major transportation, employment, and residential density, the property is strategically positioned for long-term value creation. Surrounded by over $1 billion in new development—including the $450 million Echelon Studios campus just two blocks away, as well as large-scale mixed-use projects at Sunset & Western and De Longpre Avenue—the area is undergoing rapid transformation into a hub for entertainment, media, and residential growth. 1107–1117 N Western Avenue offers investors, developers, and owner-users the rare ability to control scale frontage, stable income, and high-leverage zoning in one of Los Angeles' most active redevelopment corridors.

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
310-909-5422

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Iman MossanenMarcus & MillichapMore Info
310-909-5422

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