Detail

Updated on March 11, 2020 at 10:53 pm

  • Land Area: 11,870 sq ft
  • Property Size: 6,535 sq ft
  • Price: $3,950,000
  • Year Built: 1970

Description

• Price reduced! Hard to find automotive facility
• High profile location at Western Avenue and the Hollywood (101) Freeway
• Just 2 blocks north of Santa Monica Blvd
• Adjacent to East Hollywood, Little Armenia, Sunset Gower Studios and Paramount Pictures
• Minutes to Koreatown and Downtown Los Angeles
• Heavy traffic signalized corner exposure
• Opportunity to add value by increasing rents
• Possible multi-family or mixed-use development (LA C4 zoning allows many possible uses)
• Opportunity Zone (tax benefits)
• Hollywood Redevelopment Project area
• Adaptive Reuse Incentive Area
• Walker’s paradise (92 score)
• Good transit (62 score)
• 7 tenants (all month-to-month)
• Historic: No
• TOC: Tier 3
• Ceiling Height: 15′
• Auto bay doors: 3 (two: 35’W x 10’H; one: 23’W x 10’H)
• Auto lifts: 4
• Electric meters: 4 (individually metered)
• Parking: 12± paved surface spaces
• Traffic count (Western): 49,078 vehicles per day; Traffic count (101 Freeway): 228,155 vehicles per day
• The owner occupies one unit and plans to vacate at the close of escrow. This is an ideal situation for an owner/user to move in and collect rents from six tenants. Rents are under market, which creates a great value added opportunity for the buyer.

Property Documents

  • Marketing Package for 1178 N Western Ave
  • Address: 1178 N Western Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90029
  • Neighborhood: East Hollywood
  • Country: United States

Contact info

Anthony S. Behar
Anthony S. Behar
213.747.8426310.880.2329
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