Hollywood Development SIte

The subject property consists of four buildings totaling 26,772± SF on ten parcels totaling 57,230± SF of land. The lots are located in the city block bounded by Santa Monica Blvd. on the south; Lexington Ave. on the north; Seward Street on the west; and Hudson Avenue on the east. The subject block is situated at the southern boundary of Hollywood, and just over 1/2 mile east of the boundary of the City of West Hollywood. The site offers easy access to the Hollywood (101) Freeway, which is located 1-1/2 miles to the east. Hollywood Center Studios are located directly across Santa Monica Blvd., and Paramount Studios are located one mile to the southeast. There are currently two major development projects within one block of the subject: 1000 N Seward (10-story office/retail); and Harlow at Sunset Las Palmas Studios (128,000 SF of custom space). Also, Melrose+Seward (four buildings consisting of 100,000 SF of creative offices) is planned just 4 blocks to the south. In addition, an office campus across from Sunset Las Palmas Studios has sold for $186 million to a partnership between producer-investor Russell Geyser and office landlord and developer LPC West. 33 development projects are underway or in the planning stages in Hollywood, ranging from hotels, multi-story residential, retail and offices. The subject offers a developer a prime opportunity for creative office conversion of the existing structures or to develop mixed-use residential and retail (with City approval).

• Total Land Area: 1.31± Acres / 57,230± SF
• Total Building Area: 26,772± SF
• Zoning: LA M1, CM & R3

Parcel Description:
5533-011-002 | 4,194 SF Light Industrial on 4,574 SF land | Built 1923
5533-011-004 | 4,443 SF Residential Lot
5533-011-005 | 4,450 SF Residential Lot
5533-011-006 | 4,450 SF Residential Lot
5533-011-012 | 4,879 SF Residential Lot
5533-011-013 | 4,835 SF Parking Lot
5533-011-014 | 4,138 SF Parking Lot
5533-011-015 | 2,282 SF Quadruplex on 4,661 SF land | Built 1924
5533-011-020 | 8,600 SF Light Industrial on 9,200 SF land | Built 1928
5533-011-021 | 11,696 SFLight Industrial on 11,892 SF land | Built 1957

Property to be delivered vacant July 1, 2021.

Note: The following parcel is available from a separate owner for $3,000,000 (see OM for location): 5533-011-016: 1,920 SF commercial building on 4,755 SF land (built 1920).

• Marketing Package for Seward/Hudson
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