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$8,700,000
Est. payment /mo
12,946 SqFt
Active
4673 Hollywood Blvd Los Angeles, CA 90027
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Key Details
Property Type Commercial
Sub Type Combo - Res & Com
Listing Status Active
Purchase Type For Sale
Square Footage 12,946 sqft
Price per Sqft $672
MLS Listing ID 26661089
Year Built 1923
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Combo - Res & Com
Property Description
We are pleased to present Verwood - a 12,946 square foot mixed-use retail and apartment building located at 4673 Hollywood Boulevard, ideally situated one parcel east of the northeast signalized corner of Hollywood Boulevard and Vermont Avenue in the heart of Los Feliz, California. Since 2017, ownership has invested more than $2 million in a comprehensive modernization program that included seismic upgrades, major electrical and plumbing enhancements, new HVAC, a roof replacement, facade improvements, extensive tenant buildouts, and the renovation of eight apartment units significantly enhancing safety, efficiency, and tenant appeal. The property is currently leased to six high-quality, internet-resistant retail tenants on triple-net leases with thirteen apartment units on the second story. The retail lineup has been carefully curated to reflect the neighborhood's creative and wellness-driven culture, with tenants including Kettl Tea (Brooklyn-based tea house), Old Gold Vegan Pizza (Sicilian-style pizza), Red Gate Bakery (critically acclaimed New York based bakeshop), Face Facial Bar (wellness spa), Studio-a-go-go (Lagree fitness studio), and Puppy Fades (dog grooming). Retail suites average just over 1,000 square feet, making them efficient and highly leasable spaces with limited tenant improvement requirements. Ten of the thirteen apartment units have been renovated, providing stabilized residential income with continued value-add potential through the repositioning of the remaining units.
Location
State CA
County Los Angeles
Area Los Feliz
Zoning LAC2
Exterior
Garage Spaces 16.0
Building
Story 2
Others
Special Listing Condition Standard
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Listed by The CREM Group