Detail

Updated on January 27, 2020 at 7:02 pm

  • Land Area: 57,230
  • Property Size: 26,772 sq ft
  • Price: $23,000,000

Description

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 33 development projects 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). The Seller can provide time for entitlements.

• 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

Current Income:
24,490± SF industrial buildings leased
Monthly base rent (2 years + 2 year option):
July 16, 2019 $60,000
July 16, 2020 $65,000
July 16, 2021 $70,000
July 16, 2022 $75,000

Property Documents

  • Marketing Package for Seward & Hudson Development Site
  • Address: 1110 Seward St 1146 Seward St 1125 N Hudson Ave 1157 N Hudson Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90038
  • Neighborhood: Hollywood
  • Country: United States

Contact info

Jeff Luster
Jeff Luster
213.747.4152213.804.3013

Inquire about this property

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